Royal & SunAlliance sells its Rothschilds shares

Royal & SunAlliance Insurance Group plc has completed the sale of its 21.5% shareholding in Rothschilds Continuation Holdings AG on the originally agreed terms. The total cash consideration is 109.5 million (US$182 million) and the pre-tax gain on disposal is 60 million.Jardine Strategic Holdings Ltd., a holding company within the Jardine Matheson Group, acquired Royal & SunAlliance’s stake in Rothschilds.Jardine received regulatory consent for the transaction, according to a statement by the Singapore-listed Company in a disclosure to the exchange.Rothschilds, a majority holding company in the Rothschild Group, is the parent company of N M Rothschild & Sons Ltd.