R&SA Reported to be Reconsidering Codan Sale

August 11, 2004

According to several reports the U.K.’s Royal & Sun Alliance may be taking a second look at its plans to sell its 71.7 percent stake in Danish financial services group Codan.

According to several reports the U.K.’s Royal & Sun Alliance may be taking a second look at its plans to sell its 71.7 percent stake in Danish financial services group Codan.

According to Reuters, as of Monday R&SA’s stake was worth 8.6 billion Danish crowns ($1.42 billion) at market prices. So far the company has reportedly rejected four bids because the price offered was too low.

R&SA has so far declined to comment on the reports.

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