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Bidders eye RBS property loan portfolio - paper
October 3, 2010 / 10:51 AM / 7 years ago

Bidders eye RBS property loan portfolio - paper

LONDON, Oct 3 (Reuters) - At least three potential bidders are casting an eye over a 3-billion-pound ($4.8 billion) portfolio of property loans that could be sold by Royal Bank of Scotland (RBS.L), the Sunday Times reported.

U.S. bank Goldman Sachs (GS.N), U.S. distressed debt specialist Lone Star and private equity firm Blackstone are all considering bids, the newspaper said, without citing sources.

First round bids are expected to be submitted within the next two weeks, it added.

Royal Bank of Scotland (RBS) declined to comment, though a source with knowledge of the matter said the Edinburgh-based bank had not made any decision concerning the sale of the portfolio.

The three potential bidders were either not immediately available for comment, or could not immediately be reached for comment. ($1=.6322 Pound) (Reporting by Sudip Kar-Gupta and Mark Potter; Editing by Jon Loades-Carter)

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