13th Jun 2005 09:47
Corvus Capital Inc13 June 2005 13 June 2005 Corvus Capital Inc. ("Corvus" or the "Company") The Directors of Corvus note recent press speculation regarding Royal & SunAlliance Insurance Group plc ("RSA"). It is not the Company's policy to confirmor deny press speculation or market rumour. As announced on 2 February 2005, in the medium term, by leveraging capital beinggenerated from its current investment strategy, Corvus intends to acquire(either as principal or in partnership) a sizeable company with a proven stableand strong cash generating business or businesses, which the Board believes hassignificant inherent value which is not reflected in its prevailing marketvalue. In line with this strategy, Corvus continues to evaluate a number of potentialinvestment and acquisition opportunities, of which RSA is one. Considerations inrelation to RSA are at a preliminary stage and there can be no guarantee thatany offer will be forthcoming. The Board will make a further announcement if andwhen appropriate. Enquiries: John BickHolborn 020 7929 5599 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RSA.L