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| Name | Symbol | Market | Type |
|---|---|---|---|
| Royal Bank of Scotland Group PLC | NYSE:RBS | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.09 | 0 | 01:00:00 |
From May 2019 to May 2024
By Simon Zekaria
LONDON--Royal Bank of Scotland Group PLC (RBS) said Monday its units Ulster Bank Ireland Ltd. and Ulster Bank Ltd. have agreed to sell a portfolio of Irish real-estate loans to a unit of Cairn Homes PLC (CRN.LN) and an affiliate of Loan Star Funds for around GBP360 million ($544 million) in cash.
The bank, which is 73%-owned by the U.K. government, expects completion of the deal at the end of the year. It said it will use the proceeds from the deal for general corporate purposes.
It added the transaction is in line with its strategy of strengthening its capital position and reducing its risk exposure.
Write to Simon Zekaria at simon.zekaria@wsj.com
(END) Dow Jones Newswires
December 07, 2015 03:06 ET (08:06 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
1 Year Royal Bank of Scotland Chart |
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