RSA sells life arm to Swedish firm
Royal & SunAlliance has announced the sale of the life and pension operations of Codan - its 71.7% s...
Royal & SunAlliance has announced the sale of the life and pension operations of Codan - its 71.7% subsidiary - to SEB Trygg Liv. RSA's share of the consideration will be approximately £173m, payable in cash to Codan. RSA said the deal was in line with the group's strategy of focusing on general insurance and releasing capital from its life businesses is another step in its transformation programme.
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