Direct Line confirms float plans

paul-geddes-rbs

The deal will see parent company Royal Bank of Scotland Group sell 25% or more of DLG but no new shares will be issued.

It had been rumoured that the provider would announce its plans yesterday having previously ended talks with private equity investors.

Further details are yet to be revealed in the prospectus for the flotation.

But in a statement the company said that the offer would be "made available to institutional investors in qualifying geographies ... and to intermediaries in the United

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: