U.K. broker Jardine Lloyd Thompson Plc. has agreed to a realignment of its participation in French insurance broker Siaci, which will reduce its stake to 31 percent from 37 percent. It will receive a payout of £25 million ($37 million).
Siaci is restructuring, and will also reduce French investment group Francarep’s participation to 34 from 40 percent. Siaci management will increase their holdings to 35 percent.
Was this article valuable?
Here are more articles you may enjoy.
Karen Read Sues Police Agencies That Investigated Her Boyfriend’s Death 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
