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RBS insurance sale still on

Royal Bank of Scotland

The sale of Direct Line, Churchill and NIG will go ahead despite the effective nationalisation of parent company RBS.

 

The bank is in advanced discussions with two possible buyers about the sale of its insurance division, comprising some of the UK’s best known insurance brands.

 

While RBS initially put a £7bn price tag on its insurance business when it put it up for sale in May, it will now have to accept much less.

 

Life insurance: News update: October 2008

 

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