NatWest Group, which remains minority-owned by the government, is among a group of parties expected to examine takeover bids for Tilney Smith & Williamson, Sky News learns.
It is possible that Warburg Pincus acquires Permira's stake, Bloomberg News reported earlier this year, although a number of other major banks are also expected to look closely at Tilney.
Nevertheless, the fact that NatWest is expected to seriously examine an offer for Tilney underlines its recent resurgence. Since those handcuffs were removed, it has bought a small number of businesses in the fintech sector as well as some larger mortgage and asset portfolios.
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