RBS sells stake in UK insurer Direct Line

Royal Bank of Scotland (RBS) has sold a further stake in UK insurer Direct Line as part of the company's move to streamline business.

Royal Bank of Scotland (RBS) has sold a further stake in UK insurer Direct Line as part of the company's move to streamline business.

The bank disposed an additional 17% of its interest in Direct Line for 201p per share, cutting its holding to a minority and raising gross proceeds of £507m.

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