Santander Said to Make Formal Offer to Buy RBS’s Williams & Glyn

  • Approach said to come earlier this week to buy 314 branch unit
  • Offer marks second time Santander has tried to buy the bank

Banco Santander SA formally offered to buy Royal Bank of Scotland Group Plc’s Williams & Glyn consumer bank this week, marking the second time the Spanish lender has tried to acquire the business, according to two people familiar with the matter.

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