Allianz and AXA rumoured to be eyeing RSA
Insurers Allianz (ETR:ALV) of Germany and France-based AXA (EPA:CS) are rumoured to be considering bids for their UK-based rival RSA (LON:RSA), The Daily Mail reported. The market report did not attribute the speculation to a source but said Allianz and AXA are among several potential bidders said to be eyeing long-mooted bid target RSA.
RSA has a GBP 4.1bn (USD 5.8bn) market cap.
Daily Mail