The Banking and Strategy Initiative

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RBS kicks off India sale – Will ANZ come back

RBS Begins Sale Process: Royal Bank of Scotland Plc. (RBS) has started the sale process of ABN Amro Bank NV’s retail and commercial banking assets in Asia, including India, reports Mint. They have sent an information memorandum to three prospective buyers—Australia and New Zealand Banking Group Ltd, Standard Chartered Bank Plc., and Hongkong and Shanghai Banking Corp. Ltd, Mint reports quoting a person familiar with the development. Investment bank Morgan Stanley is managing the RBS sale across Asia

zyakaira notes: As reported in livemint.com, VCCircle

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This entry was posted on April 6, 2009 by in Financial Markets and tagged , , .

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