Chinese School – UK eyes stake sale

Date: 2011.06.28 | Category: Chinese Mandarin, Chinese Online Class, Chinese School, Chinese language, Learn Chinese Class, Study Chinese, learn Chinese, learn Chinese online, learn Mandarin online, learn mandarin | Tags: About chinese characters,China Business,China Travel,Chinese calligraphy,Chinese editor,Chinese Exam Preparation,Chinese poetry,Chinese proverbs,Chinese songs,Chinese tattoo,Chinese vocabulary lists,Chinese writing lessons,Dictionaries,Go to China,HSK,HSK exam,learn Chinese,Learn Chinese Painting,learn mandarin,Learning Materials,Mandarin audio lessons,Mandarin Phrasebook,News in Chinese,Pinyin editor,Study in China,Teach in China,Travel to Beijing,Travel to China,Your name in Chinese

BRITAIN may start selling its stakes in banks bailed out during the credit crisis with a 5 billion pound (US$8.1 billion) Royal Bank of Scotland share sale as early as the first half of 2012, the Sunday Telegraph said yesterday.

The report, which cited sources close to the process, said this possible RBS stake sale would target institutional investors and sovereign wealth funds in the Middle East and Asia.

Officials at the British Treasury could not be immediately reached for comment on the report.

The government accumulated a stake of 83 percent in RBS and around 40 percent in Lloyds after bailing out both banks with billions of pounds of taxpayers’ money during the credit crisis.

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