Direct Line has signalled its intention to become an alternative business structure (ABS) once it has completed its separation from the Royal Bank of Scotland (RBS). The insurance company, which is currently being advised by Allen & Overy and Slaughter and May on its £3bn initial public offering (IPO), revealed in its share flotation prospectus that it is considering applying for an ABS licence.
October 08, 2012 at 11:10 AM
1 minute read
The original version of this story was published on Legalweek
Direct Line has signalled its intention to become an alternative business structure (ABS) once it has completed its separation from the Royal Bank of Scotland (RBS).
The insurance company, which is currently being advised by Allen & Overy and Slaughter and May on its £3bn initial public offering (IPO), revealed in its share flotation prospectus that it is considering applying for an ABS licence.
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