RBS set to announce disposal of Bank of China stake

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RBS set to announce disposal of Bank of China stake

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01-13-2009, 09:04 PM

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RBS set to announce disposal of Bank of China stake

According to reports, the RBS (RBS) is set to announce the sale of its 4.3% stake in Bank of China, which is valued at over £1.8 billion.The rumour of the sale has brought with it speculation that similar transactions will arise.Late last year, Swiss bank UBS sold its entire 1.5% stake in Bank of China, [...]

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