U.K. Plans to Sell Off Remaining RBS Stake After Brexit

(Bloomberg) -- The U.K. plans to sell off its remaining stake in Royal Bank of Scotland Plc by the end of the 2023-2024 tax year.

“The government will keep all disposal options under review and, as with previous disposal programmes, expects larger disposal s in later years when increased liquidity in the shares should enable higher volumes to be sold,” according to government documents.

• Third-quarter operating profit before tax at the lender surged 10 percent to 961 million pounds ($1.23 billion), beating the consensus of 892 million pounds. The bank set aside 100 million pounds of provisions to reflect greater uncertainty around Brexit
• The shares have fallen 17 percent this year

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