Friday, 15 October 2010

Chaucer in takeover rumours

The buy-out division of Goldman Sachs is rumoured to have teamed up with TPG Capital to bid to takeover Lloyd’s insurer Chaucer, the Telegraph reports.

But is said people familiar with the matter said Goldman Sachs and TPG are not in takeover talks at the moment and that the buy-out tittle-tattle is "wide of the mark".