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Why did RBS sell the business?

April 26, 2017Business RBS sell

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Why did RBS sell the business?

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In late 2009, RBS announced a restructuring plan that had been provisionally agreed with the European Commission. The EC formally approved this on 14 December 2009. Each of the businesses RBS was asked to divest currently occupy market-leading positions in their respective markets and the divestment has nothing to do with financial performance. The sale of WorldPay forms part of the EC agreement.