Stock Market News
Prices
RBS may float part of US retail arm Citizens
25-02-2013 11:31
| Add To Google +1 | Tweet |
Royal Bank of Scotland may soon announce a plan to float part of its US retail arm in the next two years as a way to raise liquidity and prepare for the possibility of spinning off the entire group.
According to Financial Times, the bank will announce a plan to float between 15% and 25% of Citizens at next Thursday's earnings presentation.
The IPO (initial public offering) could allow the bank to raise £1.5-2.0bn based on its current book value of around £8.0bn.
The plan would adhere to British regulator demands for RBS to restructure faster and refocus on the UK.
The UK government owns an 82% stake of the bank, which was bailed out with £45bn of UK taxpayer funds in 2008.
SB
According to Financial Times, the bank will announce a plan to float between 15% and 25% of Citizens at next Thursday's earnings presentation.
The IPO (initial public offering) could allow the bank to raise £1.5-2.0bn based on its current book value of around £8.0bn.
The plan would adhere to British regulator demands for RBS to restructure faster and refocus on the UK.
The UK government owns an 82% stake of the bank, which was bailed out with £45bn of UK taxpayer funds in 2008.
SB
| Related share prices |
|---|
| Royal Bank of Scotland Group (RBS) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
| Enter share symbol |
| Search share prices A to Z |
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price