INTERNATIONAL NEWS: Maitland tapped to fight takeover

LONDON: NatWest last week recruited the Maitland Consultancy to work alongside Bell Pottinger Financial to fend off the Bank of Scotland’s hostile takeover bid.

LONDON: NatWest last week recruited the Maitland Consultancy to work alongside Bell Pottinger Financial to fend off the Bank of Scotland’s hostile takeover bid.

LONDON: NatWest last week recruited the Maitland Consultancy to

work alongside Bell Pottinger Financial to fend off the Bank of

Scotland’s hostile takeover bid.



The Bank of Scotland’s dollars 36 billion bid for Natwest - its largest

competitor - was rejected, and was promptly followed by counterbids from

Abbey National and the Royal Bank of Scotland.



Though Maitland declined comment, its win of the NatWest business has

been attributed to the close professional relationship between firm

chairman Angus Maitland and NatWest chairman Sir David Rowland.



The Bank of Scotland is using its incumbent agency, Brunswick, on behalf

of its NatWest bid. ’Their offer has improved the value of the financial

services sector,’ said Brunswick partner John Sunnucks.



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