Tags: EU | Britain | Royal | Bank | of | Scotland

Royal Bank of Scotland to Sell $6.1 Billion Worth of Businesses

Monday, 15 Nov 2010 09:31 AM

 

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink

Part-nationalized Royal Bank of Scotland says it plans to sell 3.8 billion pounds ($6.1 billion) worth of project finance assets to The Bank of Tokyo-Mitsubishi UFJ.

The bank said Monday that it had signed a nonbinding morandum of understanding for the sale.

RBS says the project finance assets involve power, oil and gas, and infrastructure assets in Britain, Europe, the Middle East and Asia-Pacific.

RBS is disposing of non-core assets as it works toward returning to private ownership. The government now holds a stake of about 80 percent in the bank.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved