RBS Sempra Commodities Agrees

RNS Number : 2945Z

Royal Bank of Scotland Group PLC

11 January 2011

 

RBS Sempra Commodities Agrees to Sell Assets to Societe Generale

11 January 2011

The Royal Bank of Scotland Group plc (RBS) today announces that RBS Sempra Commodities, RBS's joint venture with Sempra Energy, has agreed to sell certain residual assets to Société Générale. These assets include information technology and intellectual property assets, as well as exchange membership seats. The consideration will be satisfied in cash and this disposal is not material in value in the context of the RBS Group.

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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