Ulster Bank: reports of RBS plan for private equity sell-off are speculative'

Ulster Bank: reports of RBS plan for private equity sell-off are speculative'

Ulster Bank said that moves to decide its future are less advanced than has been reported.

Ulster Bank said that moves to decide its future are less advanced than has been reported, calling news that parent company Royal Bank of Scotland (RBS) is seeking to sell-off part of it to a private equity house ''speculative.

''It is early in the exploration process and there is no information memorandum to share, an Ulster Bank spokeswoman said.

She added that there was no figure for investment and no private equity investor shortlist as...

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