RBS sells non-core Spanish portfolio

Click to follow
The Independent Online

Royal Bank of Scotland has sold a portfolio of Spanish real estate loans and assets to Perella Weinberg as part of plans by the bailed-out bank to dispose of its non-core assets and strengthen its balance sheet. The bank did not reveal how much it had made from the sale, but said the portfolio had a par value of €286m (£248m).

RBS, which is 83 per cent state-owned after it was bailed out by the British taxpayer at the height of the financial crisis, was advised on the deal by its own global banking and markets division.

Comments