21st Oct 2014 12:03
LONDON (Alliance News) - The body which manages the bank stakes held by the UK government has said it is closer to selling shares in The Royal Bank of Scotland Group PLC and has seen growing demand from financial institutions interested in buying the stock, Reuters reported on Tuesday.
Speaking before the House of Commons Treasury Select Committee, Oliver Holborn, the head of capital markets for UK Financial Investments, said he had met with the agency's adviser, JPMorgan, more than five times in the past month to discuss the possible RBS share sale.
"We are definitely seeing more interest from institutions about investing in RBS," Holborn said. "If you speak to institutional investors, they will tell you that [RBS Chief Executive] Ross McEwan has made very good progress."
http://uk.reuters.com/article/2014/10/21/uk-britain-banks-rbs-idUKKCN0IA0XC20141021
By Sam Unsted; [email protected]; @SamUAtAlliance
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