Direct Line to support IPO by raising debt
Direct Line bosses are thought to be clearing the way to raise debt in order to achieve a £3.2bn IPO – making it one of the UK's biggest recent stock market listings.
According to news agency Reuters, the move could see the recently rebranded operation return cash to its tax payer-backed parent company.
Bookrunners claim that the group has mandated RBS, Citigroup
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