RBS Is Bidding for Tesco's Mortgage Book -Sky News
June 21 2019 - 10:33AM
Dow Jones News
--Royal Bank of Scotland Group PLC (RBS.LN) is tabling a bid for
Tesco PLC's (TSCO.LN) GBP3.7 billion book of mortgages, Sky News
reports.
--According to Sky News, state-backed RBS is among the initial
bidders for the supermarket's home-loan portfolio. If RBS succeeds,
this would be its biggest acquisition since it was bailed out by
the U.K. government in 2008.
Full story: https://bit.ly/2L4TM16
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(END) Dow Jones Newswires
June 21, 2019 10:18 ET (14:18 GMT)
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