Kuwait expresses interest in Royal Bank of Scotland stake

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The Royal Bank of Scotland hopes to re-privatize after being taken over in 2009 by the British government, and both Qatar and Kuwait have expressed interest in buying a stake.  The Kuwait Investment Authority head told reporters that while they had not been directly offered a stake after meetings with the company’s chairman, they would certainly be interested in one.

Currently, the British government owns 83% of RBS, and 40% of major rival Lloyds.  Because of the taxpayer-funded intervention, before the government can sell, they must complete an audit by UK Financial Investments.  RBS’ chairman suggested that this will happen by the end of 2012, but there has been no official word.

 

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Reading Time: 1 minute

The Royal Bank of Scotland hopes to re-privatize after being taken over in 2009 by the British government, and both Qatar and Kuwait have expressed interest in buying a stake.  The Kuwait Investment Authority head told reporters that while they had not been directly offered a stake after meetings with the company’s chairman, they would certainly be interested in one.

Reading Time: 1 minute

The Royal Bank of Scotland hopes to re-privatize after being taken over in 2009 by the British government, and both Qatar and Kuwait have expressed interest in buying a stake.  The Kuwait Investment Authority head told reporters that while they had not been directly offered a stake after meetings with the company’s chairman, they would certainly be interested in one.

Currently, the British government owns 83% of RBS, and 40% of major rival Lloyds.  Because of the taxpayer-funded intervention, before the government can sell, they must complete an audit by UK Financial Investments.  RBS’ chairman suggested that this will happen by the end of 2012, but there has been no official word.

 

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