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Deal Date: 18-11-2020 Practice Area: Corporate and M&A
Deal Title: Intact Financial Recommended Offer for RSA Insurance Group Industry: Nonlife Insurance
Slaughter and May advised RSA Insurance Group plc on the GBP7.2bn recommended cash offer for RSA's entire issued and to be issued share capital made by a subsidiary of Intact Financial Corporation, acting in consortium with Tryg A/S. Pursuant to the transaction, Intact retained RSA's Canadian, UK and International operations, Tryg A/S retained RSA's Swedish and Norwegian businesses, and Intact and Tryg co-owned RSA's Danish business. The offer was announced on 18 November 2020.
Financial Center: London Value: 5001.00-10000.00
Advised Party: Target Company Law Firm
Target Company Jurisdiction: United Kingdom Acquiror Jurisdiction: Norway
Classification: Strategic Buyer Acquisitions Public Company - Recommended Offer
Lawyer Andy Ryde