Royal Bank of Scotland Group PLC Plans IPO-Reuters


Sunday, 24 Feb 2013 09:06am EST 

Reuters reported that Royal Bank of Scotland Group PLC (RBS) is set to signal that it plans a partial sale of its U.S. bank Citizens this year or next. RBS will say at its annual results on February 28, 2013 that its preferred option for Citizens is an initial public offering (IPO) in New York to sell about 20%-25%of the bank. RBS declined to comment.