30th Oct 2015 06:41
LONDON (Alliance News) - Citizens Financial Group Inc on Thursday said that The Royal Bank of Scotland Group PLC is now expected to exit its remaining 20.9% stake in the US retail bank.
According to Citizens, RBS has launched a registered underwritten public offering to sell all of its remaining 110.5 million shares in the bank.
RBS had previously set out plans to divest the rest of its stake by the end of 2015.
Goldman, Sachs & Co, BofA Merrill Lynch, Citigroup and JP Morgan are acting as the underwriters of the offering.
By Samuel Agini; [email protected]; @samuelagini
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