Nordic insurer Sampo most likely candidate to buy and break up RSA, says UBS
Allianz or Zurich most suited to buy provider's UK business, according to analyst.
There is a strong case for breaking up RSA and selling off the component divisions, according to analyst James Shuck at UBS.
Shuck described recent issues within the provider’s Ireland business as a “catalyst for change” and said management must act quickly to avoid a “potentially crippling” further rating downgrade.
Shuck stated: “We continue to believe that a takeover and break-up of RSA remains a possibility.”
According to UBS’ figures, a break up valuation implies a fair value of at least £1
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