Bloomberg News

News Express: RBS Gains on Stake Sale Talks

March 27, 2012

Royal Bank of Scotland Group Plc (RBS) rose as much as 4.8 percent in London trading after the U.K. government held talks with investors, including Middle Eastern sovereign wealth funds, about a sale of part of its stake.

The shares were up 1.25 pence at 29 pence at 8:11 a.m., giving the bank a market value of 32 billion pounds ($51 billion). The government made presentations to investors in countries including Abu Dhabi, according to two people with knowledge of the situation. (Source: Bloomberg)

Running Time: 02:15


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