Insurance division unaffected as Co-op Bank puts itself up for sale
The Co-operative Group will continue to own Co-operative insurance.
The Co-operative Bank has confirmed that Co-operative insurance will not be affected by the announcement that the bank has put itself up for sale.
A spokesperson for the bank told Insurance Age that the insurance division, which is owned by the Co-operative Group, is separate from the bank and will continue to be owned by the group.
The Co-op Bank, which is 20% owned by the Co-op Group, said it is inviting offers to buy all of its shares.
The bank nearly collapsed in 2013 after it revealed a £1
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