21 Jul 2016 13:15
RNS Number : 8870E
Royal Bank of Scotland Group PLC
21 July 2016
21 July 2016
The Royal Bank of Scotland Group plc ("RBS") - VocaLink Holdings Limited Shareholding
On 21 July 2016, MasterCard Incorporated announced the proposed acquisition of VocaLink Holdings Limited ("VHL").
RBS is a 21.4% shareholder in VHL. RBS's share of the sale proceeds will comprise cash on completion and contingent earn-out consideration which is potentially payable in 2019, subject to performance.
RBS expects to report an initial pre-tax gain of approximately £150 million on completion of the transaction.
For further information:
Investors Richard O'Connor Head of Investor Relations +44 (0) 207 672 1758
| Media RBS Group Media Relations +44 (0) 131 523 4205
|
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RBS.L (RBS)