Deals Rumor Mill: RBS, Sumitomo, KKR

Law360, New York (April 29, 2013, 1:09 PM EDT) -- A consortium of investors including investment managers Invesco Inc. and Lansdowne Partners Ltd. have offered $1.6 billion for a network of Royal Bank of Scotland Group PLC branches that the bank is desperate to unload in order to meet European Commission demands for a sale, the Sunday Times newspaper reported over the weekend. The buyer group also includes Schroders Investment Management, Threadneedle Investment Services Ltd. and hedge fund GLG Partners Inc., along with members of the billionaire Pears family. Andy Higginson, the former finance director of British...
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