britain begins sale of stake in bailedout royal bank of scotland
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Britain begins sale of stake in bailed-out Royal Bank of Scotland

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Emiratesvoice, emirates voice Britain begins sale of stake in bailed-out Royal Bank of Scotland

Royal Bank of Scotland
London - Arab Today

Britain's government has begun selling its majority stake in bailed-out Royal Bank of Scotland to reduce state debt and kick-start the lender's full return to the private sector, the Treasury said Tuesday.

The government has sold 5.4 percent of RBS for £2.1 billion ($3.3 billion, 3.0 billion euros), a statement said.

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