17th Jan 2007 08:30
Provident Financial PLC17 January 2007 Sale of Provident Insurance Provident Financial announces that, in response to third party approaches forits non-core insurance business, Provident Insurance, it has decided to commencediscussions with a view to establishing whether greater shareholder value couldbe created through the sale of that business than would be likely to be achievedif it were to remain within the UK group following the demerger of itsinternational business. Further announcements on the progress of thesediscussions, as well as on the demerger preparations, will be made at the timeof announcement of the group's 2006 preliminary results on March 7, 2007. Lexicon Partners is handling the potential sale on behalf of the Board. Enquiries Kevin Byram, Brunswick 020 7404 5959Nigel Prideaux, Brunswick 020 7404 5959 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PFG.L