RBS Raises $2.6 Billion Selling Citizens Financial Shares

October 30, 2015 12:30 PM

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Royal Bank of Scotland Group Plc, the lender that spun off Citizens Financial Group Inc. last year, raised $2.6 billion with the sale of its last shares in the U.S. regional bank.

RBS sold 110.5 million shares, or a stake of about 21 percent, at $23.38 apiece, Citizens said Friday in a statement. Providence, Rhode Island-based Citizens fell 1.6 percent to $23.73 at 8:23 a.m. in New York.

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