14 July 2004 – LAWFUEL – Allen & Overy advised Royal & SunAlliance in connection with the sale of the life and pensions operations of Codan, its 71.7% Danish subsidiary, to SEB Trygg Liv. Royal & SunAlliance’s share of the consideration will be approximately £173 million.
The transaction is subject to regulatory and other conditions.
Corporate partner in Allen & Overy’s Financial Institutions Group, Ian Stanley, led the team, assisted by partner Ian Lopez and associates Jocelyn Ormond and Ben Whitelock.
Commenting, Ian Stanley said: “This transaction is consistent with Royal & SunAlliance’s strategy. Providing strategic advice to the world’s leading financial institutions is a main focus of our group at Allen & Overy and this transaction once again reflects our expertise in this area.”
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