Source: RBS
RBS is pleased to announce the disposal of its remaining approximate 20% economic interest in the WorldPay global payments business, to a consortium of Advent International and Bain Capital, the current owners of the majority stake in the business.
A gain on disposal of around £160 million is expected to be recorded in our 2013 results. Risk weighted assets associated with the disposal are not material. The transaction is subject to regulatory approval which is expected by the end of 2013.