| The UK government has discussed selling some of its shares in Royal Bank of Scotland (RBS) to an Abu Dhabi sovereign wealth fund as the authorities continue to look for ways to cut the state's stake in the lender.
A senior banker told Gulf News that the offer to own a third of RBS shares "is a strategic decision and it has been taken at the right time". "The talks have been going on for six months, and nothing is likely to materialise for the next few months," according to Reuters, adding that Abu Dhabi could end up with a stake of more than a third, though it has not decided which of its entities would hold the stake...............................................Full Article: Source |