Provider: Zacks Investment Research Inc.
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Royal Bank of Scotland Group PLC Raises $1 billion Million In Direct Line Share Sale-Reuters
Reuters reported that Royal Bank of Scotland Group PLC said it has raised $1 billion (GBP630 million ) by selling a 20% stake in Direct Line Insurance Group PLC, the latest stage in an EU-ordered disposal of Britain's biggest motor insurer. RBS was ordered by European regulators to sell all of Direct Line - also one of Britain's biggest home and general insurers - before the end of 2014, as a penalty for its 2008 taxpayer bailout which left it 81% owned by the government. The sale was made at 210 pence a share, a 3.7% discount to Direct Line's closing price on September 19, 2013 and leaves RBS holding 427.4 million shares, a 28.5% stake.
Latest Developments for Royal Bank of Scotland Group PLC
- Royal Bank of Scotland Group PLC investigated in New York currency trading probe-Reuters
- Royal Bank of Scotland Group PLC announces $2 billion T2 Notes transaction
- Royal Bank of Scotland Group PLC ends 8 bln stg capital back-up with UK government-reuters
- Royal Bank of Scotland Group PLC reaches settlement with US authorities regarding OFAC compliance
- Share this
- Digg this