Tpg Mulls Bid for Rbs Arm ; Insurance

Summary


BUYOUT group Texas Pacific (TPG) is reportedly set to bid for Royal Bank of Scotland's (RBS) insurance arm, owner of the Churchill and Direct Line brands.

The unit is expected to fetch up to [pounds]8 billion.

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Extract


Tpg Mulls Bid for Rbs Arm ; Insurance

TPG is yet to make a formal offer, but it is sa...

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