Royal Bank of Scotland Sells Irish Real Estate Loans for GBP205 Million
26 Mayo 2015 - 12:57PM
Noticias Dow Jones
By Tapan Panchal
LONDON--Royal Bank of Scotland Group PLC (RBS.LN) said on
Tuesday it expects to receive around 205 million pounds ($317.24
million) in cash on disposal of further portfolio of Irish
real-estate loans.
The banking and financial services company said it has signed an
agreement to sell a further portfolio of loans to an entity
affiliated with Cerberus Capital Management LP.
The sale is expected to result in a loss of GBP5 million after
transaction costs. The loans generated a loss in the region of
GBP16 million in 2014.
Completion of the sale is expected in June. The disposal
proceeds will be used for general corporate purposes.
Write to Tapan Panchal at tapan.panchal@wsj.com
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