CVC renews interest in RSBI with £4bn approach
Brit Insurance's part private equity owner CVC Capital Partners has tabled a potential bid of around £4bn for the insurance arm of state-owned UK bank RBS, according to reports.
The Mail on Sunday and City AM reported that CVC had come in with an offer for RSBI, which stables brands including Churchill and Direct Line, in the past few weeks.
Sources in the private equity community have separately confirmed to The Insurance Insider that CVC had been considering an approach...
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