NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports

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Feb 7 (Reuters) - British bank NatWest Group NWG.L is closing in on a 2.5 billion pound ($3.4 billion) takeover of one of Britain's largest wealth managers, Evelyn Partners, Sky News reported on Saturday, citing sources.

Reuters could not immediately verify the report.

NatWest faced competition from rival bank Barclays BARC.L as both bidders submitted offers for Evelyn last week, Sky News reported on Wednesday.

NatWest was expected to pay between 2.5-3 billion pounds to buy Evelyn, the report said, adding that an announcement confirming the deal could come in the early part of next week.

($1 = 0.7348 pounds)

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