13.04.2012 - Arab investors in talks to buy a slice of Royal Bank of Scotland
The Government is stepping up its bid to sell a stake in Royal Bank of Scotland to Arab investors. Well-placed sources confirmed Treasury officials are urgently working behind the scenes to reach a deal which could see a huge chunk of the state-backed bank hived off to sovereign wealth funds based in the Middle East. The Government has committed to returning the bank to the private sector since it was bailed out with £45.5bn of taxpayers’ money in 2008...............................................Full Article: Source
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