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Sale of RBS insurance arm progressing

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05-27-2008, 10:16 AM

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Sale of RBS insurance arm progressing

The sale of Royal Bank of Scotland’s (RBS) insurance business is pressing ahead with seven bidders interested. Goldman Sachs and Merrill Lynch, which are advising RBS, are believed to have shortlisted a number of interested parties for its £6 billion insurance business to seven, ahead of the first-round auction deadline tomorrow. However, the shortlist does not [...]

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