CGNU plc (CGNU) announces that CGU France has agreed the sale of Royal Saint Georges Banque to Abbey National France. The sale price is approximately €26 million in cash.
CGNU plc (CGNU) announces that CGU France has agreed the sale of Royal Saint Georges Banque to Abbey National France. The sale price is approximately €26 million in cash.
The transaction is subject to regulatory approval.
Enquiries:
Analysts
James Matthews, Head of Investor Relations
Tel: +44 (0)20 7662 2137
Media
Ian Frater, Head of Group Media Relations
Tel: +44 (0)20 7662 8221
Stuart Blackmore, Financial Dynamics
Tel: +44 (0)20 7269 7241
Notes to editors:
- CGNU is the UK’s largest insurance group, one of the top- five insurers in Europe and has substantial positions in other markets around the world. CGNU is the world’s seventh- largest insurer based on gross worldwide premiums.
- CGNU’s principal business activities are long-term savings, fund management and general insurance, with worldwide premium income and retail investment sales from ongoing business of more than Ł28 billion, and over Ł200 billion of assets under management at 31 December 2001.