RBS says good interest in Asia assets for sale | Deals | Reuters


Part-nationalized Royal Bank of Scotland RBS.L has received good interest from potential buyers for its Asian assets, its chief executive said on Friday.

“Were seeing good levels of interest, but it would be premature to declare victory with respect to price or executability,” RBS Chief Executive Stephen Hester told reporters after a shareholder meeting.

“Were in the process of working through expressions of interest, but were not at the stage where bids you can rely on are being called for,” he said.

RBS asked potential bidders to register their interest by April 1, Reuters reported last month, citing people familiar with the matter.

RBS is retrenching to its core businesses and plans to exit or significantly scale back in up to 36 of the countries where it operates globally.

HSBC HSBA.L0005.HK, Standard Chartered STAN.L2888.HK and Australia and New Zealand Banking Group ANZ ANZ.AX are all considering bids for the Asian assets, separate sources with direct knowledge of the matter have previously told Reuters.

All of the assets in the region could fetch around $2 billion, although RBS is also considering offers for assets in individual countries, sources have said.

via

RBS says good interest in Asia assets for sale

| Deals

| Reuters

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on April 15, 2009, in India, US and tagged , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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