UK - RBS to sell train leasing business

Royal Bank of Scotland has hired Lazard to consider options for Angel Trains, the train leasing business it acquired in 1997 for ТЃ408m. The news comes at a time when train leasing companies are being investigated by the Competition Commission. Should RBS decide to dispose of the business, the sale will attract interest from a number of infrastructure groups including Babcock & Brown, Prudential and Goldman Sachs. It is thought Angel could fetch up to ТЃ4bn at auction.