NatWest Group Plc (NWG.L,NWG), a British banking and insurance holding company, is closing in on a takeover of wealth management group Evelyn Partners, according to media reports, citing people with knowledge of the matter.
NatWest is reportedly expected to pay about between 2.5 and 3 billion pounds and a deal could be announced as soon as Monday. Negotiations with Evelyn's private equity owners Permira and Warburg Pincus are ongoing and could still fall apart, they added.
NatWest, Barclays, Permira and Warburg Pincus declined to comment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.