The Royal Bank of Scotland Group PLC (RBS.LN) said Tuesday that it has sold its interest in Euroclear PLC (ECR.YY) for 275 million euros ($323.2 million) to Intercontinental Exchange Holdings Inc. (ICE), a U.S. financial-services firm.
The FTSE 100-listed bank said that it sold 148,349 shares in the European clearing house as part of its strategy to reduce its assets and strengthen its capital position.
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The proceeds of the disposal will be used for general corporate purposes, RBS said.
Shares in RBS closed 1.50 pence, or 0.5%, higher at 281 pence.
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(END) Dow Jones Newswires
October 24, 2017 13:17 ET (17:17 GMT)