Reuters: Deals: Abu Dhabi eyes $16 billion investment in RBS: FT

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Abu Dhabi eyes $16 billion investment in RBS: FT Mar 28th 2012, 00:38 Tweet Share this Email Print Related News Abu Dhabi royals involved in RBS talks: sources 12:39pm EDT UPDATE 3-UK in talks to sell part of RBS stake to Abu Dhabi -BBC Mon, Mar 26 2012 Analysis & Opinion BT gets better side of deal with its pension fund Press Round-up – March 22 Related Topics Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » A pedestrian is reflected in the window of a branch of the Royal Bank of Scotland in London August 4, 2011. Credit: Reuters/Suzanne Plunkett LONDON | Tue Mar 27, 2012 8:38pm EDT LONDON (Reuters) - Abu Dhabi investors have discussed a 10 billion pound ($15.97 billion) investment into Royal Bank of Scotland (RBS.L), the Financial Times reported on Wednesday. The newspaper cited people close to the discussions as saying talks have taken place over the course of the last three years into a potential investment in two of Britain's two big part-nationalized banks, RBS and Lloyds (LLOY.L). Reuters reported on Tuesday that the RBS talks are being held at the level of the Abu Dhabi ruling family and it could end up with a stake of more than a third in RBS. Abu Dhabi investors could invest up to 5 billion pounds in RBS stock - potentially equivalent to a 14 percent equity stake, the FT said. The remainder would be injected as contingent capital, funds that would be available under pre-negotiated agreement, which could convert from debt to equity on a pre-agreed basis, the FT said. People familiar with the talks, cited by the FT, said a deal was more likely in 2013. Neither RBS nor Lloyd's could be reached immediately for comment. ($1 = 0.6263 British pounds) (Reporting by Stephen Mangan; editing by Carol Bishopric) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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