RBS plans to raise $4.7 billion to sell Asian assets

Xinhua Beijing, December 28, the British government bail-out of the Royal Bank of Scotland (RBS) is a drastic overhaul, plans to sell Asian assets next year, to raise 3 billion pounds (about 4.79 billion U.S. dollars).　　RBS, which has a 83% per cent stake in British taxpayers, is planning to complete the sale of retail and commercial banking in India, China and Malaysia by the end of next year, according to a report by the Taiwan Economic Daily, which is rumoured to be the buyer of HSBC.　　RBS is also in the final stages of negotiations with buyers to sell its asset-management component, which is expected to bring in 100 million pounds. Among the assets that RBS plans to sell, the Sempra company is the most externally watched.　　Sempra is a joint venture after RBS acquired ABN Amro, which is the most generous dividend-making company in the group, and has always been a spark that has sparked a sempra of RBS and government friction. The EU has ordered RBS to sell half its stake in Sempra to repay the government's $54 billion trillion bail-out. While the other half of the Sempra is still owned by the US Sempra Energy company, the company is also interested in putting the stakes out, as it is understood that the bidders for the bid include JPMorgan Chase, Deutsche Bank and the Australian Macquarie Group (Macquarie),　　The transaction amount is estimated at £ 2.5 billion. Part of the RBS sale will be monitored by Nathan Bostock, an old colleague of the RBS CEO, Stephen Hester, who worked for the Abbey Financial services company, and was POSTAC to manage RBS's 385 billion-pound "　　Non-core part ". On the other hand, a group of retired fund operators in the UK are consulting with the US law firm Coughlin Stoia Geller Rudman & Robbins, intending to tell RBS in London.　　After the New York court ruled that only US investors could tell the RBS in London, the group of retired fund workers turned to Coughlin Stoia for help, according to Responsible-investor.com, a financial and professional website. It is understood that more British pension funds intend to join the lawsuit, they may accuse RBS has not been honest to disclose in the U.S. subprime mortgage market exposure site, misleading investors suspected.