DLG "transformation" sees shares oversubscribed, says Geddes
Direct Line Group chief executive Paul Geddes has described the 175p share price as "bang on" after trading began on the London Stock Exchange this morning.
The float price is expected to raise £790m for Royal Bank of Scotland, which has indicated that it plans sell the rest of the shares in two tranches by the EU-enforced deadline of the end of 2014.
Ged
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