Towergate-owner Ardonagh adds £98.3m to coffers
The business has increased its spending pot as market speculation grows around its interest in Swinton.
Ardonagh Group has raised a further £98.3m in order to repay debt and further invest in the business.
The finance boost comes as Ardonagh was linked to a potential sale of Swinton which is believed to be on the market for around £400m.
Experts have suggested that Ardonagh had previously considered making a move on Swinton and is still open to the idea.
The business has made a number of deals since it re-branded as Ardonagh including £7m for selected renewal right from Ageas Retail and its buy
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