The UK government is in advanced talks to sell a significant stake in the Royal Bank of Scotland (RBS) to Abu Dhabi, the BBC has learned. The government, which controls 82% of RBS, has for months been negotiating with Abu Dhabi sovereign wealth funds. It could sell up to a third of its stake to Abu Dhabi, one of the seven states of the United Arab Emirates. This is likely to to be a loss-making sale, as RBS shares trade at much less than the UK government paid in 2008. In 2008-9, the UK government invested £45.5bn of taxpayers' money in RBS, to prevent the bank from collapsing. RBS was close to running out of money after its near ruinous takeover of ABN Amro. The Treasury bought the RBS shares at an average of 50p each, almost double the current share price....Read more here---: UK in talks to sell part of RBS stake to Abu Dhabi