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RBS eyes disposals to beef up its books; The bank may find a new home for its Churchill Insurance arm to raise cash.

Publication: The Daily Mail (London, England)
Publication Date: 21-APR-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Karl West

ROYAL Bank of Scotland is weighing up a [pounds sterling]5bn sale of its insurance arm,which includes Direct Line and Churchill, in an attempt to repair its balancesheet.

Industry heavyweights like AIG, Allianz, Axa, and Generali are understood tohave made preliminary enquiries about buying the assets if the bank does putthem up for sale.

RBS is no stranger to asset sales, having already sold Southern Water for[pounds sterling]4.2bn last year, and its European...

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