UK in talks to sell part of RBS stake to Abu Dhabi (By BBC)

See: http://www.bbc.co.uk/news/business-17514390

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.

This is likely to to be a loss-making sale, as RBS shares trade at much less than the UK government paid in 2008.