HONG KONG (Reuters) - Asia-focused Standard Chartered is in talks to purchase banking
assets in China and India owned by the Royal Bank of Scotland (RBS), a source with direct
knowledge of the matter said on Wednesday.
StanChart's pursuit of the units comes as RBS tries to wrap up the sale of its retail and
commercial banking divisions in Asia. ANZ, Australia's fourth-largest lender, is also considered
a leading contender for some of RBS's Asian assets.
The initial plan was to sell the entire group to one buyer for at least $2 billion. But that effort
failed, and the process is now focused on selling various parts to separate buyers, sources
involved with the process say.
source : http://in.biz.yahoo.com/090701/137/battg5.html
assets in China and India owned by the Royal Bank of Scotland (RBS), a source with direct
knowledge of the matter said on Wednesday.
StanChart's pursuit of the units comes as RBS tries to wrap up the sale of its retail and
commercial banking divisions in Asia. ANZ, Australia's fourth-largest lender, is also considered
a leading contender for some of RBS's Asian assets.
The initial plan was to sell the entire group to one buyer for at least $2 billion. But that effort
failed, and the process is now focused on selling various parts to separate buyers, sources
involved with the process say.
source : http://in.biz.yahoo.com/090701/137/battg5.html
No comments:
Post a Comment