Amanda Staveley: “If not the architect a big piece of the architecture” of Abu Dhabi RBS deal

Amanda Staveley is a global networking superstar. Her latest role has been a broker of a proposed deal to sell-off part of the UK Government’s investment in The Royal Bank of Scotland to Abu Dhabi

LWD has followed the high-flying career of Amanda Staveley for some time. Our post [Sept 2008] on her networking activities has been one of the most visited, although its author suspects that its popularity may owe more to its image of Ms Staveley than to its textual information:

Her network of significant contacts in The Middle East had involved her earlier in the year in the negotiations by Dubai International Capital for purchase of shares that would lead to a takeover at Liverpool Football Club. In this she had been working on behalf of Sheikh Maktoum. This deal was to fall though, but shortly afterwards, she was hired by Thaksin Shinawatra, the beleaguered Chairman of Manchester City Football Club, who was looking for a buyer for the club. Early reports gave prominence to the charismatic figure of Dr Sulaiman Al-Fahim and his audacious public claims for turning Manchester City into the biggest and richest football club in the world.

The RBS share sale

This week, [March 27th 2012] a news story broke internationally concerning the speculation about the sell-off of shares held by the UK government in The Royal Bank of Scotland. The Wall Street Journal described it as follows:

Amanda Staveley, a British banker renowned for deal-making with Arab Gulf power players, is advising Abu Dhabi on its potential purchase of a stake in the U.K. government-owned Royal Bank of Scotland Group PLC (RBS), according to [an unnamed source].

Staveley already helped broker a deal that saw Abu Dhabi’s Sheikh Mansour bin Zayed al Nahyan, a member of Abu Dhabi’s royal family, participate in a £7 billion fundraising for the U.K. bank Barclays in 2008. Given her past success, Staveley is likely to be an important figure in the RBS deal. [The unnamed source said] “If she’s not the architect, she’ll be a big piece of the architecture.”

The negotiations between Abu Dhabi and the U.K. Treasury and U.K. Financial Investments PLC, or UKFI, which was created to hold the government’s stake in RBS, were unlikely to produce a deal for some time. “Talks have been going on for many months, but if something were to happen it would take several [more] months.”
It remains unclear which entity or entities in Abu Dhabi might hold a stake in RBS should the deal go through, the said. What percentage of the bank Abu Dhabi would buy or how much money it would spend were also open-ended, and the “discussions are likely around what needs to be invested in the business.”

Acknowledgement

The image above of Amanda Staveley was obtained from The Sebamban Website

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