RSA shares gain on rumour that Warren Buffett has bought strategic shareholding
RSA shares gained yesterday, 4 March, reportedly on gossip that private investor Warren Buffett has bought a strategic shareholding in the listed UK-based insurer. The Daily Mail reported this speculation, without citing a source for the rumour.
As reported, Buffett usually conducts investments through his Berkshire Hathaway vehicle.
RSA Insurance Group’s share price closed 2.35p up at 95.9p in London yesterday, giving the company a market capitalisation of GBP 3.53bn (EUR 4.28bn).
Source Daily Mail