RBS sells 318 bank branches to Santander

By A staff reporter 2010-08-05T00:00:00

The Royal Bank of Scotland (RBS) is selling 318 branches and associated assets to Santander UK for a total of £1.65 bn (EUR 1.9 bn). RBS said in a statement on Wednesday the sale reflects a £350 mln premium to net assets. The transaction is expected to be completed by ...

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