NatWest announces wealth management deal and buyback

Retail bank NatWest (NWG) has announced a deal to buy wealth management firm Evelyn Partners from its private equity owners. Alongside the ‘transformative’ deal, it will buy back another £750 million worth of shares. Share price: 628p (-4.8%) PE: 10.2x Market Cap: £52bn Yield:4.9% A ‘compelling’ deal NatWest is paying £2.7 billion for Evelyn Partners, … Continue reading NatWest announces wealth management deal and buyback