Government offloads 7.7% of RBS shares at £2.1bn loss
Reduces stake to 62.4%
The UK taxpayer bailed out RBS to the tune of £45bn at the height of the financial crisis
The UK government has sold a 7.7% stake in Royal Bank of Scotland (RBS), reducing its ownership of the bank it bailed out with a £45bn rescue package in 2008 to around 62.4% from 70.1%.
At £2.71 each, shares were sold at almost half the £5.02 per share paid by the government at the height of the financial crisis, resulting in a loss of £2.1bn. UK government set to reduce multi-billion...
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