According to the Times, RBS has appointed Lazard, the investment bank, to handle a strategic review as it seeks to cash in on the growing demand for infrastructure assets.
There is reported interest from firms already know in the sector, with the Australian investment firm that co-owns CBRail, Babcock & Brown, thought to be interested in the train leasing business.
Angel Trains leases assets in Austria, Belgium, Denmark, France, Germany, Italy, Luxembourg, the Netherlands, and Switzerland, as well as in the UK, RBS bought it from Nomura in 1997, for $800 million.
Angel Trains owns the fleet of 53 high-speed Pendolino trains that are leased by Virgin Trains and run the London-Glasgow service.
RBS is also looking to offload Southern Water, another infrastructure asset on its books, that is also valued at about $8 billion and has attracted interest from multiple bidders, according to the Guardian.