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The London Evening Standard has reported that Edmund Truell, founder of private equity company Duke Street, has made a multi-billion bid for Lloyds Bank-owned Scottish Widows. He is bringing a new bid vehicle, Tungsten, to the stock market and could also be interested in Direct Line, according to the Financial Times. Insurance Newslink comments: the sale of Scottish Widows has been on and off for a number of years. Regulatory issues such as the introduction of the Retail Distribution Review(RDR) in the UK and Solvency II at the European level will no doubt be a consideration for both the buyer and seller. |
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| London / hybrid 3 dpw office-based - Negotiable | ||
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