The portfolio is made up of global power, global oil & gas and infrastructure assets in the UK, EMEA, APAC and the Middle East.
The proposed acquisition, including the transfer of certain employees, is expected to significantly strengthen BTMU’s project finance business in EMEA.
Definitive agreement is expected to be reached and binding documentation signed before the end of 2010.
The transaction will be subject to the receipt of required regulatory approvals and other consents.
RBS, led by chief executive Stephen Hester, has been shedding non-core assets over the past year including the sale of 300 branches to Santander during the summer.
