RSA Insurance agrees €8bn takeover by Canadian and Danish buyers

The More Than owner has agreed to a takeover by Canadian and Danish buyers in a deal valuing the FTSE 100 firm at €8bn (PA)

More Than owner RSA Insurance has agreed to a takeover by Canadian and Danish buyers in a deal valuing the FTSE 100 firm at £7.2bn (€8.03bn).

Canada’s Intact Financial Corporation and Danish insurer Tryg said they had settled on final terms for the cash offer, which will see the consortium pay 685p a share, as well as an 8p a share dividend payout.