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Arrow Global: RBS Disposes of 23.9% Stake

LONDON-- Debt buyer Arrow Global Group PLC (ARW.LN) said Thursday that the RBS Special Opportunities Fund has executed an agreement for the disposal of its 23.9% shareholding in the company. MAIN FACTS: -This disposal was effected by way of a placing of shares to institutional investors -As a result of the disposal, Lindsey McMurray and Ian Gascoigne, directors of the company appointed by the RBS Special Opportunities Fund, have agreed to step down from the board of the Company with immediate effect. -Shares at 1000 GMT, down 5 pence, or 2.3%, at 230 pence valuing the company at GBP401.2 million. -Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Share News for Royal Bank of Scotland (RBS)
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