Reuters logo
BRIEF-Insurance broker JLT buys Hayward Aviation
December 8, 2014 / 9:03 AM / 3 years ago

BRIEF-Insurance broker JLT buys Hayward Aviation

Dec 8 (Reuters) - Jardine Lloyd Thompson Group Plc :

* Acquisition

* Jardine Lloyd Thompson Group Plc agrees to acquire Hayward Aviation from Towergate

* From Towergate Insurance Ltd (“Towergate”) for a cash consideration of 27 mln stg

* Acquisition is subject to regulatory approvals and other formalities and is expected to complete in early 2015

* Integration of business will take place in 2015 and Hayward Aviation brand will be retained

* For year ended 31 Dec. 31 2013, business generated revenues of 10 million stg and profit before tax of 3 million stg Source text for Eikon: Further company coverage: ;))

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below