403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
UK's RSA to sell its S. American business for USD617m
(MENAFN) British insurer RSA declared that it's planning to sell its Latin American operations to Colombia's GrupoSura for about USD617 million in cash as it proceeds in backing up from secondary markets.
RSA also added that this major deal with GrupoSura's insurance business is expected to be significantly positive for its capital ratios on all measures when it's finalized.
"With RSA's focus on its largest markets in the UK & Ireland, Scandinavia and Canada, it has become increasingly clear to us that RSA is no longer the best strategic owner of S. America's businesses," said the Chief Executive.
RSA also added that this major deal with GrupoSura's insurance business is expected to be significantly positive for its capital ratios on all measures when it's finalized.
"With RSA's focus on its largest markets in the UK & Ireland, Scandinavia and Canada, it has become increasingly clear to us that RSA is no longer the best strategic owner of S. America's businesses," said the Chief Executive.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment