RBS raises £3.6bn after Angel save

Royal Bank of Scotland today struck a £3.6bn (€4.5bn) deal to sell the UK’s biggest train leasing company.

RBS raises £3.6bn after Angel save
Fri, 13 Jun, 2008 - 09:17

Royal Bank of Scotland today struck a £3.6bn (€4.5bn) deal to sell the UK’s biggest train leasing company.

The sale of Angel Trains to a consortium advised by investment firm Babcock & Brown forms part of RBS’s plans to shore up its finances and focus on its main banking business.

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