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Royal Bank of Scotland to sell Condor Ferries
24/01/2008
Royal Bank of Scotland (RBS) has hired Deutsche Bank to advise on the sale of its Condor Ferries businessRBS is asking approximately £300m for Condor, which operates ferries from the UK mainland and France to the Channel Islands. Condor's EBITDA is thought to be in the range of £25m - £30m. RBS bought Condor Ferries from ABN Amro via its RBS debt ventures business in 2004, paying £240m.

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