UK 'in RBS talks with Abu Dhabi'
Media playback is unsupported on your device
Video

UK in talks to sell part of RBS stake to Abu Dhabi

The UK government is in talks to sell a significant stake in the Royal Bank of Scotland (RBS) to Abu Dhabi, the BBC has learned.

The government, which controls 82% of RBS, has for months been negotiating with Abu Dhabi sovereign wealth funds.

It could sell up to a third of its stake to Abu Dhabi, one of the seven states of the United Arab Emirates.

Joe Lynam reports.

  • 27 Mar 2012
Go to next video: RBS deal 'can't be hasty firesale'