Tuesday 7 June 2011

Gulf Times – RBS ‘unaware of Qatar discussion to buy stake’

The Royal Bank of Scotland is not aware of any specific discussion in relation to Qatar or anyone else trying to pick up a stake in RBS, which is now 80% owned by the UK government.

“At the moment, of course, anyone can buy into RBS through the normal stock market route - as we are a major listed company. So that can happen anywhere, any time,” said RBS Group chief executive Stephen Hester in an interview with Gulf Times.

“I think what you are referring to, is linked to speculations about when the UK government might actually begin to sell its shareholding in RBS. But unfortunately that is not in my control. The UK government will make its own decision though they have not made any announcement on when they will sell the RBS shares.

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