RBS, which is 81 percent-owned by Britain's
government after being bailed out during the 2008 financial
crisis, has deferred its annual general meeting to the end of
June because of the talks, the FT said, without citing sources.
It added that delaying the meeting would allow talks possibly to
conclude before the shareholder vote. Any deal would have to be
approved by the non-government-owned minority shareholders.
Through the terms of the bailout, the government acquired a
dividend access share (DAS) in RBS, giving the state rights to
an enhanced dividend and making the bank less attractive to
RBS, once the world's largest bank, has been in talks with the
government and the European Commission since last year to free
itself from the DAS.
The bank could not be reached for comment outside of regular
(Reporting by Richa Naidu in
Bangalore; editing by Matthew Lewis)
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