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RBS sells Uzbek business to South Korea

first_imgFriday 3 December 2010 6:10 am RBS sells Uzbek business to South Korea whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼ Royal Bank of Scotland has agreed to sell the majority of its Uzbekistan operation to the Korea Development Bank today.The deal will see the South Korean bank buy 82.35 per cent of RBS NB Uzbekistan CJSC for an undisclosed amount.RBS Uzbekistan had about $365m (£234m) gross assets at 31 December 2009.The sale should complete in the second quarter of next year, subject to regulatory approvals. The deal is the latest in a number of asset sales by RBS in line with its five-year turnaround plan, to restructure the bank and dispose of non-core assets to return it to normal functioning. Earlier this week it also announced the sales of its Global Merchant Services business, to a private equity consortium, and assets held by its commodities trading joint venture, RBS Sempra Commodities. center_img alison.lock whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more