RSA insurance organization p.c announced that it agreed the
sale of its 26 percentage holding in Indian insurer Royal Sundaram Alliance
coverage organization restricted to Sundaram Finance restrained, its joint
project associate.
RSA expects to receive coins consideration of approximately
£forty six million ($70.7 million), and the transaction is predicted to result
in a benefit on sale of approximately £16 million ($24.6 million) and an
addition to the group’s tangible internet property of about £19 million ($29.2
million).
crowning glory is expected inside six months.
Stephen Hester, RSA group leader government said:
“This transaction continues the top notch momentum of our
disposal program and represents further progress in tightening the strategic
focus of the group.”
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