RBS offloads China bank shares

Royal Bank of Scotland has announced the sale of its entire stake in Bank of China for £1.6bn (€1.8bn).

Wed, 14 Jan, 2009 - 08:03

Royal Bank of Scotland has announced the sale of its entire stake in Bank of China for £1.6bn (€1.8bn).

The bank, which is now 57% owned by the UK Government, said the disposal of the 4.3% holding reflected its “new strategic priorities”.

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