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2008-06-05 — thisismoney.co.uk
Shares in Royal Bank of Scotland surged more than 8% on the back of talk circulating in the Square Mile that a British hedge fund is building a stake in the bank. As RBS's £12bn rights issue enters its final phase ahead of Friday's close, it is understood that activist investor TCI has been buying shares and may push for a break-up of the FTSE 100 company. TCI helped spark the sale of Dutch bank ABN Amro last year. A consortium led by RBS bought ABN for £49bn, in the world's biggest bank takeover - a deal that looks expensive. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |