RBS says in talks on IP&ED unit sale

LONDON Mon Nov 18, 2013 2:37am EST

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LONDON Nov 18 (Reuters) - British bank RBS said on Monday it was in talks with a potential third-party buyer for its retail investor products and equity derivatives (IP & ED) business.

The bank, majority owned by the British state, had previously said it wanted to sell the unit.

"No agreement has been entered into and there is no certainty that an agreement will be reached," it said in a statement.

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