Deals
RBS Raises 787 Million Pounds in Direct Line Share Sale
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Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, raised 787 million pounds ($1.3 billion) in an initial public offering of its insurance unit forced by European Union regulators.
RBS sold 450 million shares in Direct Line Insurance Group Plc, or about 30 percent of the insurer, for 175 pence each, the Edinburgh-based lender said in a statement today. The stock rose