RBS in Talks to Sell Tesco Joint Venture Stake, City A.M. Says

is
in negotiation to sell its 50 percentage interest in Tesco Personal Finance
to , its joint-venture partner, said, citing
an unidentified individual stopping point to the matter.

RBS may raise about 1 billion lbs ($2 billion) if it
sells its holding, the London-based free concern newspaper said
in a prevue of today's edition. The depository financial institution could then supply the
same personal finance services to the supermarket on a
contractual basis, the newspaper said.

The companies, which put up the joint venture in 1997, may
not be using external advisors to negociate the deal, the
newspaper said. Any trade could be mutually good because it
would supply rubidiums with working capital and Tesco with full control of the
business, the newspaper said, citing the person.

Both Tesco and rubidiums declined to comment, City A.M. said.

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