September 27, 2018 / 7:43 AM / 2 months ago

The Ardonagh Group to buy insurer broker Swinton for 165 mln stg

LONDON, Sept 27 (Reuters) - The Ardonagh Group said on Thursday it has agreed to buy insurance broker Swinton Group from French mutual Covea Group for around 165 million pounds ($216.36 million).

Ardonagh said it would fund the deal with committed financing from its existing bank group and “cash from monetising certain Swinton assets”.

$1 = 0.7626 pounds Reporting by Simon Jessop, editing by Huw Jones

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