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ETF News

RBS hires Morgan Stanley to sell Asia units-sources

HONG KONG, Feb 20 (Reuters) - Royal Bank of Scotland RBS.L has hired Morgan Stanley MS.N to explore the sale of its Asian banking units, sources with direct knowledge of the matter told Reuters on Friday.

The move comes after the UK government took a 70 percent stake in the bank, forcing RBS into seeking sales of various assets across the globe.

RBS and Morgan Stanley declined to comment. (Reporting by Michael Flaherty, Editing by Tony Munroe)

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