RBS agrees Memorandum of Understanding with The Bank of Tokyo-Mitsubishi UFJ, Ltd. on sale of Non-Core Project Finance assets
The Royal Bank of Scotland Group plc announces today it has signed a non-binding Memorandum of Understanding with The Bank of Tokyo-Mitsubishi UFJ, Ltd. for the proposed sale of a Non-Core portfolio of approximately £3.8bn Project Finance assets. The portfolio is made up of global power, global oil & gas and infrastructure assets in the UK, EMEA, APAC and the Middle East.
The proposed sale is subject to the signing of a legally binding sale and purchase agreement and the subsequent receipt of required regulatory approvals and other consents.
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