British car insurer Sabre seeks 213 million pounds listing in London

LONDON (Reuters) – British car insurance underwriter Sabre will seek to raise around 213 million pounds in an initial public offering in London next month, the company said on Monday.

The announcement is a boost to the outlook for London Stock Exchange listings after earlier this month ready meals supplier Bakkavor BAKK.L and telecoms masts firm Arqiva IPO-ARGL.L both pulled deals.

Bakkavor reversed that decision just a week later, after cutting its share price.

Founded in 1982, Sabre generated gross written premiums of 197 million pounds in 2016 and said it intends to maintain its focus on the UK

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