NatWest Group chief executive Alison Rose Dominic Lipinski/PA Wire ROYAL Bank of Scotland owner NatWest Group has agreed a deal to sell more assets in the Republic of Ireland under the plan to withdraw its Ulster Bank operation from the country. The group announced that it has entered a non-binding memorandum of understanding with Permanent TSB covering a multi-billion euro loan book and 25 branch locations. It did not disclose the expected value of the deal but said the consideration is expected to include a stake in Permanent TSB. Chief executive Alison Rose said the announcement represented a significant update in line with the group’s strategy of making a phased withdrawal from the Republic of Ireland.
Investegate |NatWest Group plc Announcements | NatWest Group plc: NatWest Group agrees non-binding MOU with PTSB
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NatWest s Ulster bank to sell €7 6bn of assets to Irish bank Permanent TSB
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NatWest sells EUR7 6 billion Ulster Bank assets to Permanent TSB
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