Royal Bank of Scotland (RBS) has reached an agreement to sell its Luxembourg-based funds business to BlackFin Capital Partners for an undisclosed amount, the bank said on Tuesday; the business sold had €1 of assets under administration at the end of 2014. The move continues RBS's withdrawal from non-core operations.
Royal Bank of Scotland (RBS) has reached an agreement to sell its Luxembourg-based funds business to BlackFin Capital Partners for an undisclosed amount, the bank said on Tuesday; the business sold had €28.5bn of assets under administration at the end of 2014. The move continues RBS's withdrawal from non-core operations.