18.02.2015 08:08:06
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RSA Insurance To Sell Its 26% Holding In Indian Insurer Royal Sundaram
(RTTNews) - RSA Insurance Group plc (RSANY.PK, RSA.L, RSA) announced it has agreed the sale of its 26% holding in Indian insurer Royal Sundaram Alliance Insurance Company Limited to Sundaram Finance Limited, its joint venture partner. The company expects to receive cash consideration of approximately 46 million pounds.
The company expects the deal to result in a gain on sale of approximately 16 million pounds, and an addition to the Group's tangible net assets of approximately 19 million pounds.

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