RNS Number : 1611W
Royal Bank of Scotland Group PLC
15 November 2010
Regulated News Service (RNS)
The Royal Bank of Scotland Group plc
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.
Richard O'Connor
Investor Relations
+44 (0) 20 7672 1758
Group Media Centre
Tel: +44 (0) 131 523 4205
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