Slaughter and May is advising RSA in connection with its sale of Lietuvos Draudimas AB (Lithuania), AAS Balta (Latvia), the business of the Estonian branch of Codan Forsikring A/S (together RSA’s operations in the Baltics), and LINK4 Towarzystwo Ubezpieczen S.A. (Poland) to Powszechny Zaklad Ubezpieczen SA

Assuming each of the four transactions completes, RSA will, subject to adjustments, receive total aggregate consideration of approximately EUR 360 million (GBP 300 million) payable in cash.

The disposals, which were announced on 17 April 2014, are in line with RSA's stated aim of reducing the Group’s geographical spread outside its core businesses.

Slaughter and May is working as a team with Lawin's Lithuanian, Latvian and Estonian offices, Gorrissen Federspiel in Denmark and Soltysinski Kawecki & Szlezak in Poland.

CONTACTS

Corporate and Commercial: Andrew Jolly (partner), Robert Innes (associate), Amy Hutchings (associate), Tina Winzer (associate); Tax: Mike Lane (partner), Stefan Farahani (associate); Intellectual Property/Information Technology: Rob Sumroy (partner), William Hedges (associate), Adam Baldwin (associate); Financial Regulation: Jan Putnis (partner), Kristina Locmele (associate); Real Estate: Jane Edwarde (partner), Roopa Modi (associate); Competition: Michael Rowe (partner), Jordan Ellison (associate)

Gorrissen Federspiel: Morten Nybom Bethe (partner) Marie Boyer-Sogaard (associate)

Lawin: Lithuania office: Zilvinas Zinkevicius (partner), Ruta Besusparyte (associate); Latvia office: Raimonds Slaidins (partner), Sarmis Spilbergs (associate); Estonia office: Martin Simovart (partner), Heleri Tammiste (associate), Jesse Kivisaari (legal counsel)

Soltysinski Kawecki & Szlezak: Andrzej Kawecki (partner), Marcin Olechowski (partner), Witold Kurek (senior counsel)