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Barclays PLC and NatWest Group PLC are through to the second round of bidding for wealth management group Evelyn Partners, Sky News reported late Tuesday. Sky said the two high street banks were among the bidders notified last week that they were through to the second round of the Evelyn auction. Royal Bank of Canada also is said to be in the frame to buy Evelyn, Sky said, while a number of private equity firms also have tabled offers for the business, which could be worth £2.5 billion, it said. Lloyds Banking Group PLC is understood to have explored an offer for Evelyn, although it was unclear whether it remains interested, Sky said. According to its website, Evelyn Partners had £67.0 billion of assets under management, as at September 30. Evelyn Partners is primarily owned by two private equity firms, Permira, which holds an around 56% stake, and Warburg Pincus, which has an around 25% interest. Permira initially invested in 2014, and Warburg Pincus joined in 2020. Shares in Barclays were down 0.2% at 470.65 pence each in London on Wednesday. NatWest was down 0.3% at 647.00p while Lloyds Banking Group was down 0.3% at 97.28p. Royal Bank of Canada closed up 0.2% at C$234.05 in Toronto on Tuesday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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