RBS steps up assets disposal
ROYAL Bank of Scotland is stepping up its assets disposal programme to comply with EU state aid rules by drawing up shortlists for two businesses which could fetch about £4billion.
RBS, which is 84 per cent owned by the taxpayer, is understood to have narrowed the bidders for its £2.5billion payment processing business to two US private equity consortiums.
A sale of the business could be agreed in the next month.
Meanwhile Morgan Stanley and Jefferies are among leading suitors for RBS Sempra Commodities’ North American business, which focuses on gas and power trading.