CVC Capital Said to be Seeking Majority Stake in RBS' (RBS) Insurance Unit -Bloomberg

October 15, 2008 12:02 PM EDT

Bloomberg is reporting that CVC Capital has said it is seeking a majority stake in Royal Bank of Scotland's (NYSE: RBS) Insurance unit. CVC said it is to be one of three possible buyers for the RBS unit.

The Royal Bank of Scotland Group plc is a holding company of The Royal Bank of Scotland plc and National Westminster Bank Plc, which are United Kingdom-based clearing banks.


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