Private equity giant said to be seeking stake in RBSI
Private equity firm CVC Capital Partners is in discussion with the Royal Bank of Scotland over the purchase of a majority stake in insurance units, Churchill and Direct Line, according to newswire reports.
Sources have claimed the firm is intalks to buy a 51% stake in the two units. Two other bidders are also reported to be talking to the bank and no agreement is thought to have been reached.
Such a
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