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.
’60 Minutes’ Homeowners Ask Court to Force DFS to Divulge Heritage Probe Info 
Florida Insurance Agency VP Sentenced to 3 Years in Massive ACA Fraud Scheme 
Private Equity Firms Expected to Unleash Middle-Market M&A Deals, Survey Says 
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
