Published by Global Banking & Finance Review®
Posted on February 7, 2026
1 min readLast updated: February 7, 2026
NatWest is close to acquiring Evelyn Partners for $3.4 billion, surpassing Barclays in the bidding process. The announcement is anticipated next week.
Feb 7 (Reuters) - British bank NatWest Group is closing in on a 2.5 billion pound ($3.4 billion) takeover of one of Britain's largest wealth managers, Evelyn Partners, Sky News reported on Saturday, citing sources.
Reuters could not immediately verify the report.
NatWest faced competition from rival bank Barclays as both bidders submitted offers for Evelyn last week, Sky News reported on Wednesday.
NatWest was expected to pay between 2.5-3 billion pounds to buy Evelyn, the report said, adding that an announcement confirming the deal could come in the early part of next week.
($1 = 0.7348 pounds)
(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Toby Chopra)
Wealth management is a financial advisory service that combines investment management, financial planning, and other financial services to meet the needs of high-net-worth individuals.
An acquisition occurs when one company purchases most or all of another company's shares to gain control of that company.
Financial services encompass a wide range of services provided by the finance industry, including banking, investment, insurance, and asset management.
Investment refers to the allocation of resources, usually money, in order to generate income or profit over time.
A bank's acquisition strategy involves identifying and purchasing other financial institutions or assets to enhance its market position and expand its services.
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