Cullum in Line for Pounds 2bn

The JournalMay 29, 2007

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Summary


The founder of the UK's largest private insurance firm could net pounds 2bn after it was reported that his company had received bid approaches.

Towergate executive chairman Peter Cullum is believed to have placed a price tag of at least pounds 3bn on the business, in which he has a 65% stake.

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Extract


Cullum in Line for Pounds 2bn

Mr Cullum, 56, established Towergate in 1...

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