Admiral Group, a British car insurance company, is talking to banks about a possible initial public offering later this year. The Cardiff, Wales-based firm could be worth between GBP 60 and GP 800 million. Admiral is owned by Barclays Private Equity, part of Barclays Bank, German insurance giant Munich Re, and its management and employees. A trade sale is still a possibility.
UK Car Insurer Admiral Pondering IPO
Admiral Group, a British car insurance company, is talking to banks about a possible initial public offering later this year. The Cardiff, Wales based firm could be worth between GBP 60 and GP 800 million. Admiral is owned by Barclays
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