The sale of Royal Bank of Scotland’s Asian assets is likely to drag on through the summer after failing to attract enough bids amid uncertainty surrounding the divestment. Potential bidders had until last weekend to table non-binding offers, but HSBC and Standard Chartered, seen as two of the three front-runners, have instead sought further information from RBS. Australia’s ANZ, the third bidder, said Wednesday it had made an offer for “selected [RBS] businesses” alongside a capital raising of up to A$2.85bn ($2bn) to help fund any acquisition.

This entry was posted by Gwen Robinson on Thursday, May 28th, 2009 at 5:11 and is filed under Capital markets, M&A. Tagged with anz, hsbc, rbs, standard chartered. Edit this entry.