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RBS to raise £650m from further Direct Line sale

RBS to raise £650m from further Direct Line sale

The Telegraph - By James Quinn, Financial Editor

The Royal Bank of Scotland is to raise in the region of £650m from selling down its stake in insurer Direct Line. The state-backed bank has announced plans to sell as much as a 20pc stake in the FTSE 250 insurer, taking advantage of its recent strong share price and buoyant markets. The bank has …

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