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Accendo Markets’ van Dulken backs start of RBS share sale

Published: 10:43 04 Aug 2015 EDT

Mike van Dulken, head of research at Accendo Markets, says he is largely supportive of the government’s decision kick off the sale of its stake in Royal Bank of Scotland (LON:RBS).

The sale of the 5.4 per cent raised £2.1bln, but some City analysts have questioned the chancellor's choice of timing as last night's disposal at 330p achieved a new 2015 share price low and arguably sold the taxpayer short.

However, speaking to Proactive, van Dulken says the decision isn’t as controversial as some claim and there is still room for profit with 72.9% left to sell.

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