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Co-op insurance sale now a real possibility with Makerstudy

Nov 06, 2018 - Marketline Newswire

The much troubled Co-op Group could be set to sell its insurance arm to Makerstudy.

Valued at roughly £300m ($391m), the Co-op insurance sale is in advanced talks, but nothing has been decided.Makerstudy Group, a privately owned company, already owns 5% of the UK's motor insurance policies.GSO, the credit arm of Blackstone, are one of the parties approached to help Makerstudy fund the acquisition.Co-op insurance saleAccording to Sky News, the Co-op insurance sale has been touted since t...