Zurich: RSA acquisition ...
Media Service: Zurich: RSA acquisition could weaken the location Zurich
Zurich (ots) - Should the Zurich Insurance Group to implement its plans to buy British rival RSA, threatens the location Zurich weakening. In the event of a takeover you consider the General-Guisan-Quai, to relocate strategic management positions in London. This report several insider of the "Business Magazine". "London has a good chance when it comes to reducing redundancies and some merge," says one of them.
Zurich itself does not want to comment on the rumors. "It's too early to comment in detail synergies that would arise at a possible takeover," said a spokesman.
Regarding the expertise and flexibility, has preceded the British capital Zurich much. "In London, first, new products, there reigns the most flexibility and willingness to try new," said a manager of a major European group. The culture in the industry, and the simplicity of the communication are as well, according to a study by the Boston Consulting Group important points in which Great Britain, Switzerland depends. "The knowledge is concentrated," said ZKB analyst Georg Marti.
The end of July had announced that one examines an offer for RSA Zurich. A final decision could still fall this week, according to industry insiders.