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RSA Insurance planning sale of eastern, central European assets: Sources

January 27, 2014 - 6:04am


RSA Insurance Group P.L.C. is looking to sell assets and businesses in central and eastern Europe, including Balta in Latvia and Link4 in Poland, sources have told Bloomberg.

The insurer looks to boost its finances after its credit rating was recently downgraded by Standard & Poor's Corp. and after it issued three profit warnings in recent months.

Sources said the insurer is close to appointing Swiss financial services firm UBS A.G. to handle the divestments.

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