RBS sells Tesco holding in fund-raising bid

Royal Bank of Scotland is this week expected to raise £950m (€1.2bn) through the sale of its stake in Tesco Personal Finance to the supermarket giant.

Sun, 27 Jul, 2008 - 12:14

Royal Bank of Scotland is this week expected to raise £950m (€1.2bn) through the sale of its stake in Tesco Personal Finance to the supermarket giant.

The disposal of RBS’s 50% holding comes amid ongoing attempts by the NatWest owner to shore up its battered balance sheet.

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CourtsBusinessHeathrowPlace: USPlace: New ZealandPlace: ClydesdalePlace: YorkshirePlace: UKPerson: Fred GoodwinPerson: Benny HigginsOrganisation: RBSOrganisation: TescoOrganisation: Royal Bank of ScotlandOrganisation: Tesco Personal FinanceOrganisation: NatWestOrganisation: ChurchillOrganisation: DirectOrganisation: Financial TimesOrganisation: AllstateOrganisation: Munich ReOrganisation: Angel TrainsOrganisation: ABN AmroOrganisation: Commonwealth Bank of AustraliaOrganisation: National Australia BankOrganisation: Financial Services Authority
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