Skip to content
Subscriber Only

RBS Would Be Open to Bids for Citizens Amid IPO Preparations

Royal Bank of Scotland Group Plc would be open to takeover offers for its U.S. subsidiary as it prepares the division for an initial public offering this year, the unit’s chief executive officer said.

“If somebody came in with a blow-away price they’d certainly respond to that,” Bruce Van Saun, CEO of Providence, Rhode Island-based RBS Citizens Financial Group Inc., said in a Jan. 7 interview. “But there’s a paucity of buyers today.”