Royal Bank of Scotland has taken a big step towards its goal of reaping ã4bn (â¬5.1bn) through a series of non-core asset disposals this year after sealing a deal this morning to sell its Angel Trains rolling stock leasing business to a consortium led by Australian investment group Babcock & Brown for ã3.6bn.
The deal, which RBS expects to complete by the end of the year, represents a further boost to the UK bankâs capital just days after it pushed through its £12bn rights offering.
