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RBS plans 2-bn pound sell off in Bank of China

Troubled lender Royal Bank of Scotland, which has been bailed out by the UK government, is considering sale of its about two-billion pound stake in the Bank of China, a media report says.

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Troubled lender Royal Bank of Scotland, which has been bailed out by the UK government, is considering sale of its about two-billion pound stake in the Bank of China, a media report says.

The Financial Times today said that the recently appointed RBS chief executive Stephen Hester had met Bank of China executives and regulators for a possible divestment of its 4.3 per cent stake in BoC.

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