RBSG Signs Share Sale Agreeme

RNS Number : 2976X

Royal Bank of Scotland Group PLC

12 August 2009

 



The Royal Bank of Scotland Group plc signs share sale agreement with MCB Bank Limited

12 August 2009

The Royal Bank of Scotland Group plc (RBSG) has reached agreement in principle for the sale of its 99.37% holding in The Royal Bank of Scotland Limited (RBS Pakistan) to MCB Bank Limited (MCB) for a total consideration of PKR 7,200M or US$ 87M. This equates to PKR 4.2 per ordinary share. RBS Pakistan has 1,717,981,391 ordinary shares listed on the Karachi stock exchange. 

The transaction is subject to necessary Regulatory approvals and is expected to complete in Q4 2009. 

Contacts:

Investors

Richard O'Connor    

Head of Investor Relations
[phone]
[phone]

Media
Fiona MacRae
Group Media Centre
[phone]

[phone]

 

END

 

 

DISGGGMRVZMGLZG