Geddes now looks overseas for fresh interest

RBS has found buyers for the first batch of Direct Line Group (DLG) shares, according to the Financial Times.

Sources said that investors have ordered shares between 160p and 195p each, for up to a third of DLG’s equity stake.

DLG chief executive Paul Geddes and his board have now finished drumming up UK interest in the firm, and will now look to the rest of Europe and the USA.

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