Royal Bank of Scotland to Book GBP150 Million Gain From VocaLink Stake Sale
July 21 2016 - 8:57AM
Dow Jones News
By Ian Walker
LONDON--Royal Bank of Scotland Group PLC (RBS.LN) said Thursday
it will book a 150 million pound ($197.82 million) pretax gain in
its accounts following Mastercard Inc.'s (MA) acquisition of
VocaLink Holdings Ltd.
The bank, which is 73% owned by the U.K. government, said it
will book the gain upon completion of the deal. It owns a 21.4%
shareholding in VocaLink.
Earlier Thursday Mastercard said it was buying 92.4% of VocaLink
for $920 million. The remaining 7.6% is owned by existing
shareholders.
The deal is subject to regulatory and other approvals.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
July 21, 2016 08:42 ET (12:42 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Apr 2023 to Apr 2024
