CYBG confirms talks with RBS over Williams & Glyn sale




The board of CYBG PLC has confirmed that it held talks with RBS about the possible acquisition of Williams & Glyn.

The banking group was responding to press speculation regarding the possible acquisition of Williams & Glyn from the RBS group.

CYBG PLC said it had engaged in discussions with RBS and had made a preliminary non-binding proposal in relation to Williams & Glyn.

The group confirmed that talks were ongoing, but there could be no certainty that any transaction would occur.

CYBG said any transaction would only be pursued if it was determined by the board to be in the best interests of shareholders.

The group has been looking at opportunities to enhance its business since its demerger and IPO.

CYBG added that it would only evaluate combinations that were in line with the company’s strategic objectives. 

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