ROYAL BK SCOTL G : GARDEZ RBS ... A BON ENTENDEUR....
28 juin 2010•15:55
RBS WORLDPAY (2.5 Milliards de dollars) est en train de se finaliser avec American Express (Article Herald Tribune). ...ci-dessous
Je vous rappelle que RBS n'a pas le choix : il a l'obligation de l'Union Européenne de réduire sa taille et de vendre RBS WORLDPAY
American Express linked with bid for RBSs WorldPay
WorldPay is the Royal Bank of Scotlands payment processing business
Share 0 comments 18 May 2010
American Express is in the running to be the new owner of WorldPay, the Royal Bank of Scotlands payment processing business.
Amex has joined forces with Permira, the second UK private equity group to enter the fray for RBSs global payments business , which includes WorldPay, reports said, adding that the partners had been plotting a bid for several weeks.
The other UK player involved is CVC Capital Partners, which is said to have recruited French software group Atos Origin to beef up its bid.
Other suitors said to be in a second round of bidding include private equity groups Warburg Pincus, TPG (Texas Pacific), Moneris of Canada, and Advent International jointly with Bain Capital. The Global Merchant Services business is expected to fetch between £2.5 billion and £3bn.
In another asset sale, RBSs joint venture with Sempra Energy is in the process of selling its North American assets after disposing of non-US businesses to JPMorgan for $1.7bn in February.
In the UK, the banks sale of 318 branches is nearing a conclusion, with Spains Santander said at the weekend to be in pole position to tie up a deal. One report claimed that Banco Bilbao and National Australia Bank were pondering a joint bid to thwart Santander.
RBS shares also came under pressure as banking analysts at JP Morgan claimed the bank, along with Lloyds and Barclays, could suffer the most impact from changes to provisioning requirements.
Morgan thinks UK banks will need to raise reserve levels by £37bn from 2009 levels, if the International Accounting Standards Boards proposal for banks to take a provision when a loan is originated eventually come to fruition.