In case you missed it….
RBS poised for £1.1bn Hilton sale
Royal Bank of Scotland is engaged in a £3.7bn sell-off of UK real estate which could be seen as a call on the market, including the planned sale of a £1.1bn portfolio of mainly Hilton hotels to Jeremy Robson, former head of principal finance at the bank who now runs his own investment group.
Pru considered large US bid
Prudential, the UK’s second-biggest life assurer, considered a big US acquisition just a few months ago, as some shareholders called for it to break up rather than bulk up. The Pru is believed to have cast an eye over Protective Life, a US life assurer with a $3bn market capitalisation.
ING in $1.3bn LatAm deal
The Dutch insurance group ING on Friday paid $1.3bn for the Latin American pensions business of Spain’s Banco Santander in a further sign of rapid consolidation in the region’s financial services industry.