Manchester City owner 'in talks' to buy £10bn stake in RBS
Government body UK Financial Investments is in talks to sell £10bn worth of RBS shares to a consortium of investors led by Sheikh Mansour, the owner of Manchester City Football Club.
According to the Financial Times, Abu Dhabi has discussed a £10bn investment into RBS led by Sheikh Mansour. They are backed by other Abu Dhabi and Middle Eastern investors.
The Sheikh and his partners could invest up to £5bn in RBS shares - potentially equivalent to a 14% stake in the bank.
April 5, 2012