Russia, Poland and Czech republic targeted through Intouch
RSA is to buy the remaining 50% of Intouch Insurance Group its joint venture in Central & Eastern Europe from Direct Insurance Financial Investments for €70m in cash.
Intouch operates in Poland, the Czech Republic and Russia.
RSA said the proposed investment was parts of its emerging markets’ strategy to develop its direct distribution capability and its focus on motor as a core proposition.
The agreement is non binding and completion of the transaction is subject to a number of conditions including obtaining regulatory approvals.
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