24th Feb 2014 06:52
LONDON (Alliance News) - RSA Insurance Group PLC Sunday said it is considering a number of measures, including a rights issue, in order to raise the capital it needs to boost its balance sheet.
In a statement issued on its website, RSA, widely expected to cancel its dividend as it struggles with the aftermath of a discovery of a GBP200 million hole in its balance sheet last year, said no final decision has been made on how to raise the capital it requires.
New Chief Executive Stephen Hester is expected by some analysts and commentators to scale back the company's operations, particularly outside the UK, when the compay publishes its business review alongside its full year preliminary results for 2013 on February 27.
By Samuel Agini; [email protected]; @samuelagini
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