Text Chapter 846 Whale Swallows National Westminster Bank

A nuclear bomb, definitely a nuclear bomb-level shock!

The entire British and even global financial banking circles have exploded, and everyone did not expect that the Royal Bank of Scotland, a small regional bank that has always been inconspicuous, can really buy a giant such as National Westminster Bank, one of the four major British banks. Even though there have been countless news media hyping up this matter before, everyone was still shocked after hearing the news.

Yes, it's really amazing, no one thought that what was said in the news before was true, it turned out that everyone was listening to it as a "story club", after all, who doesn't know the bad nature of these media - a picture at the beginning, and everything else depends on the editor.

Even world-class media such as Sky TV, ABC Broadcasting, Yomiuri Shimbun, etc., can be a little more reliable. However, this time, these media reports really turned out to be a prophecy, and the Royal Bank of Scotland really bought NatWestminster Bank, one of the giants of the four major British banks.

Well, I have to say, this world is really crazy!

However, there are still many "John Bulls" living in dreams who don't want to believe that this is true, and perhaps they still think that the current Britain is still the British Empire where the sun never sets. Hehe, I don't want to think about what era this is, this is the era when the "American father" is in charge, as for the empire where the sun never sets, I'm sorry, it's sunset.

However, their naïve fantasies also have some truth, after all, such a sky-high merger and acquisition involving nearly 20 billion pounds will have a huge impact on the entire British financial and banking industry. In particular, behind the Royal Bank of Scotland stands the world's No. 1 bank of the Standard Bank Group, and they have always harbored evil intentions.

So, many "naïve" people are calling for the UK government to veto the takeover, however, this is often the case – the UK Monopolies and Mergers Commission decisively approved the Royal Bank of Scotland's takeover of NatWestminster Bank.

Well, now it's a foregone conclusion that the Royal Bank of Scotland's acquisition of NatWestminster Bank has been completely implemented, both from the established facts and from the de jure point of view.

However, this sensational acquisition case did not come to an end, because with Su Chenyu's usual bad nature, shouldn't the National Westminster Bank be swallowed directly?

Undoubtedly, the answer is yes!

In the first time after acquiring a 78.9% stake in NatWestminster, the Royal Bank of Scotland received another £5 billion capital injection from Standard Bank Group, and the purpose of the money was simple - a wholly-owned acquisition and privatisation of NatWest.

Now that it has a 78.9% stake, the rest is fairly simple, and the Royal Bank of Scotland officially applied to the London Stock Exchange to privatize NatWestminster Bank. The London Stock Exchange did not bother the Royal Bank of Scotland in the slightest, after all, they already controlled more than 75% of the shares, which no longer met the listing rules of the London Stock Exchange.

Soon after, after the privatization process was completed, NatWestminster Bank was officially delisted from the London Stock Exchange, marking the end of the London Stock Exchange's FTSE 100 index constituent.

After the delisting from the London Stock Exchange, less than 13% of NatWestminster's shares were scattered outside, and Royal Bank of Scotland controlled 87%. As for why the shares in the hands of the Royal Bank of Scotland suddenly soared by almost 10%, it is simple, because in the process of privatization, a large number of shares scattered in the secondary market were forcibly bought out.

As for the remaining 13 per cent, the Royal Bank of Scotland already has an eyebrow, with most of the rest in the hands of bank employees, except for a small part in the hands of a few investment firms.

There's nothing to say, the Royal Bank of Scotland now has so much cash in its hands, can't it even do this?

So, first they ate the shares in the hands of the employees of the National Westminster Bank at a premium, and then, after several negotiations, they successfully persuaded several investment companies to agree to give up their shares.

So far, the Royal Bank of Scotland has officially completed its wholly-owned holding and successfully swallowed the Bank of NatWestminster.

From now on, NatWestminster, one of the UK's four largest banks, will also become a wholly-owned subsidiary of Standard Bank. However, as in the original setting, NatWestminster has no intention of being transferred from the Royal Bank of Scotland to the Standard Bank Group.

However, this time, since Standard Bank Group has not only set a flag in the British financial banking industry, but also broken into such a large world, it must be done well.

After discussing and planning with the big boss Su Chenyu, Jamie Dimon officially began the merger and transformation of the Royal Bank of Scotland and NatWestminster Bank. The new Royal Bank of Scotland Group will be established to include the Royal Bank of Scotland and NatWestminster Bank, which will retain the right to operate and manage their own businesses. In other words, both the Royal Bank of Scotland and the National Westminster Bank are part of the Royal Bank of Scotland group, but they will also retain their own independent management rights.

The new Royal Bank of Scotland Group will replace NatWestminster as one of the four largest banks in the UK. Not only that, but most importantly, after this merger, they will overtake Lloyds Bank and Barclays Bank to become the second largest banking group in the UK after HSBC. And, if the Royal Bank of Scotland and NatWestminster complete the final organic combination, then they will succeed in overtaking HSBC to become the largest bank in the UK, as they did in previous lives.

Even now, with the new Royal Bank of Scotland Group, coupled with the original "old gun" Standard Chartered Bank, the strength of Standard Bank Group in the UK will instantly surpass HSBC and become the absolute leading hegemon.

In this way, the strength of Standard Bank Group will once again go to a higher level, and it is estimated that no one can shake his position as the world's No. 1 bank!

However, these are all related to Su Chenyu's long ago forgotten about this goods, because after the acquisition was completed, he flew to the United States!

There, a large number of "pioneers" are waiting for him to "be lucky......