The Royal Bank of Scotland has agreed to sell its airplane leasing unit to a consortium led by Japan’s Sumitomo Mitsui for $7.3 billion, the bank said Tuesday.
The transaction would be RBS’s largest asset sale since it received a $45 billion bailout from the U.K. government in 2008. RBS has been paring its operations since then and the British government now owns 82 percent of the bank, The New York Times reports.
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