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Bankitner eyes RBS insurance



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Published Date: 05 May 2008
SPANISH company Bankinter has become the latest firm to enter the fight for the Royal Bank of Scotland's insurance arm.
The Madrid-based company has reportedly made a tentative approach to the RBS about buying out its motor insurance joint-venture partner, Linea Directa, which it values at £700 million.

Since announcing the sale, along with a £12 billion, rights issue, the insurance business, which includes Direct Line and Churchill, has become one of the most sought after assets on the market.





The full article contains 86 words and appears in Edinburgh Evening News newspaper.
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  • Last Updated: 05 May 2008 1:12 PM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Royal Bank of Scotland
 
 

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