RBS sells metals business after European ruling

Royal Bank of Scotland today announced the sale of its metals, oils and European energy business for $1.7bn as it looks to meet EU demands following its multi-billion pound state bail-out.

RBS sells metals business after European ruling
Tue, 16 Feb, 2010 - 14:12

Royal Bank of Scotland today announced the sale of its metals, oils and European energy business for $1.7bn as it looks to meet EU demands following its multi-billion pound state bail-out.

RBS will have a 47% share of the proceeds from the sale of the commodities trading business, which it owns with Sempra Energy.

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CourtsBusinessHeathrowPlace: EnglandPlace: WalesPlace: ScotlandPerson: Bruce Van SaunPerson: Van SaunPerson: USPerson: President Barack ObamaOrganisation: RBSOrganisation: Royal Bank of ScotlandOrganisation: EUOrganisation: Sempra EnergyOrganisation: JP MorganOrganisation: Sempra CommoditiesOrganisation: NatWestOrganisation: ChurchillOrganisation: Direct Line insuranceOrganisation: European CommissionOrganisation: SempraOrganisation: Bear Stearns
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