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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Market

Lib Dems and Labour oppose sale of state-owned RBS

Posted on 27 March 2012

Discussions with sovereign wealth funds have taken place as part of attempts to sell off the 83% taxpayer stake in RBS. Selling off shares in Royal Bank of Scotland at a loss will face fierce resistance, the Liberal Democrats and Labour warned on Monday, amid fresh speculation that talks are underway with a sovereign wealth fund in Abu Dhabi to buy a stake in the bailed-out bank.
Discussions with sovereign wealth funds, which invest the money of rich states, have taken place as part of moves to sell off the 83% taxpayer stake in RBS and the 40% stake in Lloyds Banking Group………………………………………..Full Article: Source


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