RBS reviewing six bids for WorldPay -sources

LONDON, June 3 (BestGrowthStock) – Royal Bank of Scotland (RBS.L: ) is
reviewing six second-round bids for its $4 billion
payment-processing arm, and will soon pick two or three suitors
for a final round of bidding, people familiar with the matter

RBS could pick the shortlist as early as next week and aims
to agree the sale of its Global Merchant Services (GMS) business
during the third quarter, one of the people said.

The six bidding groups are: Clayton, Dubilier & Rice (CD&R);
American Express Co (AXP.N: ) and Permira [PERM.UL]; Atos Origin
SA (ATOS.PA: ), CVC Capital Partners [CVC.UL] and Welsh, Carson,
Anderson & Stowe; Advent International and Bain Capital;
Canada’s Moneris Solutions; and TPG [TPG.UL], the people said.

Previous suitor Warburg Pincus [WP.UL] is no longer bidding,
they added.

RBS declined to comment. Moneris could not immediately be
reached for comment. The other bidding groups either declined to
comment or had no immediate comment.

Europe’s competition regulators compelled RBS to sell GMS,
which includes the WorldPay business, after the bank took tens
of billions of pounds in state support. The business could fetch
some 2.5 to 3 billion pounds ($3.7 to $4.4 billion).

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($1=.6783 Pound)
(Reporting by Quentin Webb, Simon Meads and Clara
Ferreira-Marques; Editing by Jon Loades-Carter)

RBS reviewing six bids for WorldPay -sources