RBS to net up to $3.7bn from Citizens sale

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The Royal Bank of Scotland (RBS) will net up to $3.7bn from the sale of part of its stake in US retail bank Citizens Financial Group.

RBS plans to sell 135 million shares comprising 24.7% of Citizens common stock at $23.75 per share, it confirmed today. This is a slight discount to yesterday's closing price of $24. Gross proce...

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