RSA says no talks held with Zurich

Telephone

Provider responds to Zurich’s confirmation that it is considering a takeover approach.

RSA has moved to confirm that it has not held talks with Zurich or received a takeover proposal.

In a short statement the provider advised shareholders to "take no action".

The statement concluded: "RSA looks forward to updating the market on trading performance and strategic progress at the interim results announcement on 6 August 2015."

Share price
Following the confirmation by Zurich that it was considering a takeover approach, RSA's share price rose by 15% in early trading to top 500 pence.

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