RBSI sale confirmed
Royal Bank of Scotland said it will divest in its insurance business over the next four years
Royal Bank of Scotland (RBS) has confirmed the sale of its insurance business.
In a statement issued today, RBS said that the divestment, which will include Churchill and Direct Line, would take place over the next four years.
It follows an agreement with the UK Government on key terms of its participation in the Asset Protection Scheme (APS), on revised terms to those announced in February.
RBS said: “To comply with European Commission state aid requirements RBS has agreed, in principle and
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