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Neil Utley set for £70m windfall from Hastings sale

2020-08-13T06:37:00

Neil Utley, Hastings chairman and ex-IAG UK chief executive

Former chairman and chief executive Gary Hoffman is also set to pocket £15m from the deal

Former Hastings chairman Neil Utley is set to make more than £70m after Finnish insurer Sampo and existing investor Rand Merchant Investment Holdings Limited (RMI) announced they were launching a £1.7bn bid to buy the business for 250p per share.

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