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BNP Paribas wins bid to acquire the multi-billion-pound structured products portfolio put up for sale by RBS

15/11/2013 by


BNP Paribas wins bid to acquire the multi-billion-pound structured products portfolio put up for sale by Royal Bank of Scotland

Royal Bank of Scotland (RBS) has agreed to sell its multi-billion-pound structured product portfolio to BNP Paribas, according to industry sources. The decision was made by the UK bank on November 13, and will be followed by the signing of a head of terms, after which the negotiation and documentation of final terms and conditions is expected to be agreed and ratified by the first week of 2014.

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