LONDON-- Royal Bank of Scotland Group PLC (RBS.LN) Thursday announced an agreement to sell a further portfolio of loans to an entity affiliated with Cerberus Capital Management, L.P for around 225 million pounds ($351.3 million) in cash.

Shares at 1502 GMT, down 5 pence, or 1.5%, at 354 pence valuing the company at GBP41 billion.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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