The Royal Bank of Scotland (RBS) is selling 318 branches and associated assets to Santander UK for a total of £1.65 bn (EUR 1.9 bn). RBS said in a statement on Wednesday the sale reflects a £350 mln premium to net assets. The transaction is expected to be completed by December 2011.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
