RBS Agrees to Sell Aircraft Leasing Unit to Sumitomo for $7.3bn
Royal Bank of Scotland (RBS) has agreed to sell its aircraft leasing division to Japan’s Sumitomo Mitsui Financial Group for $7.3bn (£4.7bn).
The sale represents the biggest single disposal of assets by RBS since it was rescued by the UK taxpayer in 2008.
The bank had been in talks with a number of buyers for months.
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