Abu Dhabi royals involved in RBS talks: sources
By Stanley Carvalho and Mirna Sleiman
ABU DHABI/DUBAI (Reuters) - Talks to sell a stake in Britain's state-owned Royal Bank of Scotland (RBS.L: Quote) are being held at the level of the Abu Dhabi ruling family, sources told Reuters on Tuesday.
A source familiar with the matter said Amanda Staveley, a businesswoman notable for her Middle Eastern connections, was advising the emirate's rulers.
"The talks have been going on for six months, and nothing is likely to materialize for the next few months," the source said, adding that Abu Dhabi could end up with a stake of more than a third, though it has not decided which of its entities would hold the stake.
Staveley played a prominent role in Abu Dhabi royal Sheikh Mansour bin Zayed al-Nahayan's 2008 investment in another British bank, Barclays (BARC.L: Quote).
For a NEWSMAKER on Staveley, click on
A senior banker told Reuters that the oil-rich emirate's sovereign wealth funds were not involved in talks at this stage. Continued...