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BKT BlackRock Income Trust Inc

12.34
0.00 (0.00%)
20 Aug 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BlackRock Income Trust Inc NYSE:BKT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 12.34 12.40 12.2987 12.40 81,521 22:30:00

Bankinter To Buy RBS Stake In Insurance JV For EUR426 Million

16/04/2009 8:07pm

Dow Jones News


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Spanish bank Bankinter SA (BKT.MC) said Thursday it will buy Royal Bank of Scotland Group PLC's (RBS) 50% stake in the banks' insurance joint venture, Linea Directa, for EUR426 million.

In a Spanish regulatory filing, Bankinter said the price was set by PriceWaterhouseCoopers LLP consultancy.

Linea Directa sells car and motorcycle insurance and had a 2008 pretax profit of EUR100 million.

Hard hit by the global financial crisis, RBS has been exploring various ways to raise new capital.

-By Jonathan House, Dow Jones Newswires; +34 91 395 8121; jonathan.house@dowjones.com

 
 

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