RBS Said to Sell Stake in U.K. Real Estate Loans to Blackstone

Royal Bank of Scotland Group Plc agreed to sell a stake in a group of U.K. commercial-property loans with a face amount of 1.4 billion pounds ($2.2 billion) to Blackstone Group LP, said two people briefed on the plan.

Blackstone, based in New York, plans to buy a 25 percent stake in the loans and take over management of the assets to try to recover as much value as possible, according to one of the people with knowledge of the agreement, who asked not to be named because it wasn’t announced publicly.