Royal Bank of Scotland (RBS -0.2%) agrees to sell 80% of its stake in Global Merchant Services...

Royal Bank of Scotland (RBS -0.2%) agrees to sell 80% of its stake in Global Merchant Services to a consortium of Advent International and Bain Capital for £1.7B in cash, and another £200M+ in contingencies. RBS says the divestment will result in a gain of £850M after costs. (PR)