RBS Sells Interest in Euroclear For EUR275 Million
October 24 2017 - 1:32PM
Dow Jones News
By Maryam Cockar
The Royal Bank of Scotland Group PLC (RBS.LN) said Tuesday that
it has sold its interest in Euroclear PLC (ECR.YY) for 275 million
euros ($323.2 million) to Intercontinental Exchange Holdings Inc.
(ICE), a U.S. financial-services firm.
The FTSE 100-listed bank said that it sold 148,349 shares in the
European clearing house as part of its strategy to reduce its
assets and strengthen its capital position.
The proceeds of the disposal will be used for general corporate
purposes, RBS said.
Shares in RBS closed 1.50 pence, or 0.5%, higher at 281
pence.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
October 24, 2017 13:17 ET (17:17 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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