The deal is expected to be completed within six months
RSA has sold its 26% holding in Indian insurer Royal Sundaram Alliance Insurance Company to Sundaram Finance, its joint venture partner, for £46m.
The transaction is expected to result in a gain on sale of approximately £16m and an addition to the group’s tangible net assets of around £19m.
The deal is expected to be completed within six months.
RSA Group Chief Executive Stephen Hester said: “This transaction continues the excellent momentum of our disposal programme and represents further progress in tightening the strategic focus of the group.”
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