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22 May 2012

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RSA makes bold £5bn Aviva approach

13 August 2010

RSA recently made a daring approach to acquire the general insurance operations of its larger UK rival Aviva, a move which could have effectively doubled the size of the company, it has emerged today (13 August).

RSA - which has a market cap of around £4.4bn - approached Aviva last month offering to acquire its non-life operations, which could be worth around £4bn-£5bn.

The news was first reported by Sky News this morning.

Earlier this month RSA posted credible results,...

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