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Zurich is still doing a due diligence process before making a formal offer for RSA. (Photo: AP Photo/Steffen Schmidt)

(Bloomberg) — Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group Plc, according to people with knowledge of the plan, signaling the Swiss insurer is getting closer to proceeding with a formal offer.

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