Why the RBS shares sale aren't the bad deal you think

The Treasury has finally started selling the shares in the bailed-out bank

Photo: Elliott Brown. Cropped. Licence: https://creativecommons.org/licenses/by/3.0/

The Treasury has finally begun to sell down the taxpayer's huge stake in bailed-out bank Royal Bank of Scotland(LSE: RBS), raising £2 billion from its initial sale of 600 million shares — representing about a 5% stake in the bank. That seems a good start, until you remember we taxpayers paid 502p a share back in 2009...

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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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