Shares in W&G Investments are expected to start trading on the Aim market as early as tomorrow.
Headed by former Tesco director Andrew Higginson, it is backed by some of the City’s best-known names including Schroder Investment Management, Threadneedle, Aviva, Old Mutual and Lansdowne Partners. RBS has been forced to sell the branches by the EU.
Dubbed Project Rainbow, it will see the return of the Williams & Glyn’s name to the high street.
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The other bidders are a consortium led by Corsair Capital and Centerbrige, and another involving Ana Cap and Blackstone.