28th Nov 2013 14:06
LONDON (Alliance News) - Direct Line Insurance Group PLC Thursday said it had completed the GBP39.3 million disposal of its life insurance unit to Chesnara PLC and confirmed that it will return the proceeds to shareholders by way of a 4.0 pence a share special dividend to be paid December 31.
Direct Line shares were up 0.2% at 230 pence Thursday afternoon, while Chesnara was up 0.8% at 299.97 pence.
By Steve McGrath; [email protected]; @SteveMcGrath1
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