RSA Insurance Group has sold its stake in Thailand insurer Syn Mun Kong to LeapFrog Thailand Holdings and Mindo Asia Investments, an affiliate of Lombard Investments.
It held a 21.75 percent stake in Syn Mun Kong. It received a cash consideration of £36 million and the deal is expected to result in a gain on sale of about £22 million and an addition to the group's tangible net assets of about £19 million.
Stephen Hester, chief executive of RSA, said: "This transaction continues the excellent momentum of our announced disposals in 2014 and represents further progress in tightening the strategic focus of the Group."