British group VIRGIN has announced the retrocession of its 25% stake in VIRGIN ONE, its real estate financing subsidiary, to its partner, the ROYAL BANK OF SCOTLAND, for the sum of £45 million. The agreement provides for acquisition of VIRGIN shares and those of the Austrian insurance company AMP (25% each) by ROYAL BANK OF SCOTLAND, which already owns 50%, for a total price of £100 million. VIRGIN, which also sold its 18 VIRGIN MEGASTORES to the subsidiary HACHETTE DISTRIBUTION SERVICES (French group LAGARDERE), thus continues to sell off its activities in deficit to better focus on taking a foothold in rail transport.