Global Capital Markets

Story Standard Life’s chief executive Sandy Crombie believes the mutual-insurance business is unlikely to be taken over, according to a report in the Guardian. Quoting Crombie directly, the article noted that he also stated his belief that the Edinburgh-based group would float. This is expected to happen in the summer, the report said, adding that the transaction could value the business at as much as GBP 6bn (EUR 9bn).

Source The Guardian
Value GBP 6,000m (Estimated value post-flotation)