herald

Tuesday 19 September 2017

RBS arm in e5bn sell-off

ROYAL Bank of Scotland has sold off a Dublin-based aviation leasing business for $7.3bn (e5.7bn).

The company, which currently employs 70 people, has been sold to Sumitomo Mitsui Financial Group.

The bank sold RBS Aviation Capital as part of a deleveraging plan to dispose of non-core assets.

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