Private bidder eyes up Direct Line Group
The FT has reported that Edi Truell's new bid vehicle Tungsten has made an informal expression of interest to buy Direct Line Group, which analysts estimate could sell for up to £4bn.
The FT reports that Truell set up Tungsten with his brother Danny, chief investment officer of The Wellcome Trust, and plans to list by the end of May.
In a separate article, FT banking editor
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