RBS Completes Sale of Key Sem

RNS Number : 2082X

Royal Bank of Scotland Group PLC

01 December 2010

 



RBS Completes Sale of Key Sempra JV Assets

1 December 2010

The Royal Bank of Scotland Group plc (RBS) has completed the previously announced sale by RBS Sempra Commodities (RBSSC), RBS's joint venture with Sempra Energy, of substantial assets of its commodities trading North American Power and Gas business lines to J.P. Morgan Ventures Energy Corporation. RBS continues to consider various alternatives for the modest level of residual assets and liabilities of RBSSC.

For media enquiries:

Aoife Reynolds [phone]

Michael Geller [phone]

For Investor Relations enquiries please contact:

Richard O'Connor [phone]

Alexander Holcroft [phone]

 

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