Deal stays conditional on different issues
Shareholders of R&Q Insurance coverage Holdings have permitted the sale of the group’s program administration enterprise to Onex Companions.
In a London Inventory Trade submitting on Thursday, R&Q mentioned: “The board is happy to announce that, on the particular normal assembly held earlier in the present day, the decision in relation to the proposed sale of Accredited was duly handed. Accordingly, shareholder approval to the sale has been obtained.”
“R&Q continues to work expediently in the direction of satisfying all different remaining circumstances to the sale and stays hopeful that acceptable agreements may be reached with all of its lending banks, suppliers of credit score, and different finance suppliers to allow the sale to happen,” the non-life world specialty insurance coverage firm famous.
It was additionally highlighted that there isn’t any assure that each one circumstances to the sale will probably be happy or that each one needed agreements will probably be reached.
In accordance with R&Q’s replace, 55.22% of the votes solid had been in favor of the sale.
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