Ardonagh to acquire PSC Insurance in a A$2.3bn transaction
Reinsurance News - May 08, 2024
The Ardonagh Group has entered into a Scheme Implementation Deed (SID) to acquire all the issued ordinary shares in PSC Insurance Group Limited. The Scheme Cash Consideration represents an implied equity value of A$2.256 billion and enterprise value of A$2.429 billion. Ardonagh explained that it int...
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