Royal & Sun Alliance raises cash in €750m flotation

Embattled insurance giant Royal & Sun Alliance today announced it had freed up £540m (€750m) from the flotation of Promina, its Australian and New Zealand business.

Royal & Sun Alliance raises cash in €750m flotation
Mon, 12 May, 2003 - 11:21

Embattled insurance giant Royal & Sun Alliance today announced it had freed up £540m (€750m) from the flotation of Promina, its Australian and New Zealand business.

Shares in Promina began trading today on the Sydney stock exchange after R&SA successfully completed the biggest initial public offering (IPO) in the world so far this year.

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CourtsHeathrowPlace: New ZealandPlace: SydneyPlace: UKPlace: AustraliaPlace: USPlace: AsiaPerson: Chief ExecutivePerson: Andy HasteEvent: September 11 terrorist attacksOrganisation: Royal & Sun AllianceOrganisation: ProminaOrganisation: R&SAOrganisation: Tyndall
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