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Govt poised to resume multibillion pound RBS sell-off

Govt poised to resume multibillion pound RBS sell-off

Business
The government is poised to sell a multibillion pound stake in Royal Bank of Scotland (RBS), resuming a huge privatisation programme that has been stalled for three years. Sky News has learnt that City bankers and investors have been ‎primed to expect a disposal of part of taxpayers' 70.5% shareholders, potentially as soon as this week.Full details of a prospective deal were unclear on Monday, and bankers cautioned that it would be subject to considerations relating to wider stock market conditions and ministers' ability to demonstrate that the taxpayer was getting value for money.Those factors could cause any share sale to be delayed, they added.One City analyst suggested that a disposal could target proceeds of more than £3bn, equating to a roughly 10% stake in...