UK eyes stake sale
Source: Agencies |
May 16, 2011, Monday
|
Print Edition
Print Edition
BRITAIN may start selling its stakes in banks bailed out during the credit crisis with a 5 billion pound (US$8.1 billion) Royal Bank of Scotland share sale as early as the first half of 2012, the Sunday Telegraph said yesterday.
The report, which cited sources close to the process, said this possible RBS stake sale would target institutional investors and sovereign wealth funds in the Middle East and Asia.
Officials at the British Treasury could not be immediately reached for comment on the report.
The government accumulated a stake of 83 percent in RBS and around 40 percent in Lloyds after bailing out both banks with billions of pounds of taxpayers' money during the credit crisis.
(Reuters)
The report, which cited sources close to the process, said this possible RBS stake sale would target institutional investors and sovereign wealth funds in the Middle East and Asia.
Officials at the British Treasury could not be immediately reached for comment on the report.
The government accumulated a stake of 83 percent in RBS and around 40 percent in Lloyds after bailing out both banks with billions of pounds of taxpayers' money during the credit crisis.
(Reuters)
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
