RBS Agrees Sale of Argentinean Business To Banco Comafi

14th Jun 2010 15:08

LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS.LN) said Monday that RBS N.V. has reached an agreement to sell the business of its Argentinean branch to Banco Comafi S.A. MAIN FACTS: -The transaction is subject to regulatory approvals and is due to complete in 1H, 2011. -The consideration will be paid in cash and is not material to RBS overall. -RBS will continue to have a footprint in Latin America focused in Mexico and Brazil. -Shares at 1405 GMT up 0.59 pence, or 1.4%, at 42.96 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; [email protected] (END) Dow Jones Newswires June 14, 2010 10:08 ET (14:08 GMT)