UK - Friends Ivory & Sime (FIS) is to acquire UK money manager Royal & SunAlliance Investments (RSAI), in a deal that will secure its position among the top ten UK fund managers by assets under management.
The proceeds from the sale, worth around £240m, will be used to finance the general insurance business of parent company, Royal & SunAlliance (RSA). Last November RSA announced its intentions to gr...
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