Insurer confirms plan to buy remaining 50% stake in European operation

RSA is set to acquire the remaining 50% of its joint venture in Central & Eastern Europe.

In a statement, RSA said: "Following an article published in the press today in Tel Aviv, RSA confirms that it is in discussions with Direct Insurance Financial Investments, to acquire DIFI’s 50% holding in Intouch Insurance Group BV, a joint venture with market leading direct operations in Poland, the Czech Republic and Russia.

"The consideration for the remaining 50% shareholding and full control of Intouch Insurance Group BV is expected to be €70m, paid in cash."

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