Zurich abandons RSA takeover plans

The £5.6 billion takeover of More Than owner RSA by rival Zurich has collapsed after a slump in the Swiss group’s general insurance business prompted it to abandon the deal.

Zurich abandons RSA takeover plans

The £5.6 billion takeover of More Than owner RSA by rival Zurich has collapsed after a slump in the Swiss group’s general insurance business prompted it to abandon the deal.

Shares in FTSE 100 listed RSA plunged by over a fifth wiping more than £1 billion off its market value.

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