RSA talks value insurer at £7.2bn
Two potential bidders are circling and proposing to split the provider.
The current talks between Tryg and Intact Financial Corporation and RSA have valued the business at £7.2bn.
Potential bidder Intact said: “This would represent an approximately £7.2bn transaction with Intact paying £3.0bn and Tryg paying £4.2bn.
“Intact would retain RSA’s Canada and UK & International operations and obligations, Tryg would retain RSA’s Sweden and Norway operations, and Intact and Tryg would co-own RSA’s Denmark operations.”
News of a possible offer for the insurer was
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