World Business Briefing Europe United Kingdom unit of insurance-Spin-off
In its first major step to solve a £ 800 million ($ 1.25 billion) capital deficiency, the insurer Royal and Sun Alliance sells its health care and care of the affairs of £ 147 million ($ 230 million). The aircraft was purchased by a group of new leaders and its former managers, Barclays Private Equity and the Bank of Scotland.
The insurer is also releasing £ 100 million ($ 156 million) on capital of the aircraft. Analyses reaction on the new mixed. While some felt that the aircraft had made a reasonable price, others expressed concern that Royal Sun Alliance is the elimination of some of its assets attractive, ultimately limiting their growth prospects . Under pressure too quickly to a deficit to a surplus, the insurer also intends to issue shares in Promina, Australian and New Zealand of its units, sell certain assets to the USA and reduce staff. Christine White House (NYT)
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