Tuesday 27 March 2012

Abu Dhabi may seek sweeteners for RBS deal - Yahoo! News UK

If Abu Dhabi's sheikhs or sovereign funds opt to buy some of the British taxpayer's stake in Royal Bank of Scotland, the purchase price for the shares could be less important than any sweeteners attached to a deal.
That's the message from its successful but complex bet on Barclays in October 2008, which helped save the UK bank from a state rescue and earned a hefty profit for the Middle East investor.
Britain is in talks to sell some of its 82 percent stake in RBS to Abu Dhabi investors, sources told Reuters.
They said talks have been going on for months, but if a deal is reached it will probably take months longer.

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