THB completes protracted acquisition of PWS
Despite an announcement last month of the termination of acquisition discussions between THB Group a...
Despite an announcement last month of the termination of acquisition discussions between THB Group and PWS Holdings, in a sharp turnaround, THB has completed the protracted acquisition of the Lloyd's broking business of PWS International and certain overseas interests of the PWS Group. Vic Thompson, group chief executive of THB Group, said: "Although there were some legal complexities, these have been overcome by the focus of all those involved to complete a deal."
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