UPDATE 1-RBS to sell $2.2 bln Citizens shares to take stake below 25 pct

LONDON, July 28 (Reuters) - State-backed Royal Bank of Scotland intends to sell up to $2.2 billion shares in U.S. bank Citizens, which would cut its stake in that business to less than a quarter.

from Reuters: New Issues News http://ift.tt/1JOljIL