M&A Deal Summary

Santander UK Acquires The Royal Bank of Scotland - 318 Branches

On August 4, 2010, Santander UK acquired financial services company The Royal Bank of Scotland - 318 Branches from NatWest Group for 350M GBP

Acquisition Highlights
  • This is Santander UK’s 1st transaction in the Financial Services sector.
  • This is Santander UK’s 0th largest (disclosed) transaction.
  • This is Santander UK’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2010-08-04
Target The Royal Bank of Scotland - 318 Branches
Sector Financial Services
Buyer(s) Santander UK
Sellers(s) NatWest Group
Deal Type Divestiture
Deal Value 350M GBP

Target

The Royal Bank of Scotland - 318 Branches

United Kingdom
The sale comprises, 311 Royal Bank of Scotland branded branches in England and Wales,7 NatWest branded branches in Scotland, the retail and SME customer accounts attached to these branches, the Direct SME business and certain mid-corporate businesses.

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Buyer(S) 1

Buyer

Santander UK

London,, United Kingdom
Category Company
Founded 1988
Sector Financial Services
Employees20,000
DESCRIPTION

Santander UK plc, together with its subsidiaries, provides a range of banking and financial services

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Abbey Life Assurance

Bournemouth, United Kingdom

Abbey Life Assurance Co. is a provider of long-term life insurance services and products in the United Kingdom.

Sell $6.7B

Seller(S) 1

SELLER

NatWest Group

Edinburgh, United Kingdom
Category Company
Founded 1727
Sector Financial Services
Employees61,857
Revenue 14.8B GBP (2023)
DESCRIPTION

NatWest Group provides support to customers to manage their finances and do business. NatWest Group was founded in 1727 and is based in Edinburgh, the United Kingdom.

DEAL STATS #
Overall 10 of 18
Sector (Financial Services) 6 of 11
Type (Divestiture) 8 of 15
Country (United Kingdom) 4 of 8
Year (2010) 3 of 6
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-17 JSC SB RBS

Almaty, Kazakhstan

JSC SB RBS (Kazakhstan), provides wholesale and retail banking products and services in Kazakhstan and internationally.

Sell $52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-06 Worldpay UK

Cambridge, United Kingdom

WorldPay is a provider of single card and non-card electronic payment processing services to businesses. Worldpay provides an extensive range of technology-led payment products and services to around 400,000 customers, enabling their businesses to grow and prosper. Worldpay manages the increasing complexity of the payments landscape for its customers, allowing them to accept the widest range of payment types around the world. Using its network and technology, Worldpay is able to process payments across 146 countries and 126 currencies. Worldpay helps its customers to accept more than 300 different payment types.

Sell $2.7B
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