Royal Bank of Scotland (RBS) has announced that it will sell off the remainder of its stake in US-based Citizens Financial; the sale is expected to worth $2.7bn, and will be offloaded through a secondary stock offering. The bank said on Friday that it would not seek to retain any of Citizens’ existing shareholders or their voting rights.
Royal Bank of Scotland (RBS) has announced that it will sell off the remainder of its stake in US-based Citizens Financial; the sale is expected to worth $2.7bn, and will be offloaded through a secondary stock offering. RBS said it would also withdraw a board representative from Citizens when the sale completed.