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Company Statement: RBS agrees to sell its RBS England and Wales and NatWest Scotland branch based business to Santander UK plc

( August 4, 2010, 11:34 GMT | Official Statement) -- The Royal Bank of Scotland announces today that it has agreed to sell 318 branches and associated assets and liabilities to Santander UK plc for a premium of GBP350 million to net assets at closing 1. The consideration will be paid in cash and is subject to certain closing adjustments, including those relating to the performance of the business. The transaction is currently expected to be completed by December 2011.The full statement sollows:...

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