Flotation deemed 'only option' for Direct Line Group divestment
Analysts have rubbished recent claims that Direct Line Group could be bought by a private equity house, stating that the insurer has to go ahead with the planned initial public offering to obtain the best price and appease UK taxpayers and the European Union.
As a condition for receiving a £45bn government bailout in 2008, EU competition commissioner Neelie Kroes ordered Royal Bank of Scotland to divest its insurance assets by 2013.
The company has
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