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U.K. Weighs Trimming $24 Billion RBS Stake After Earnings

  • RBS due to release its annual earnings next week in London
  • Government may struggle to attract buyers given Brexit limbo
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The British government may sell-down part of its RBS stake. Bloomberg’s Stefania Spezzati reports.Markets: European Close," (Source: Bloomberg)
Updated on

The British government is considering a partial sell-down of its Royal Bank of Scotland Group Plc stake in the immediate aftermath of its annual results next week, people with knowledge of the matter said.

There is no final certainty over timing and size, the people said, declining to be identified as the details are private. The shares may have to be offered at a discount to reflect the uncertainty hanging over Brexit, and a sale is ultimately dependent on market conditions, they said.