Ink seals Westinsure Group deal for mystery figure
Giles-owned Ink Underwriting Agencies has completed the acquisition of the Westinsure Group for an undisclosed sum.
A statement from Ink said the Westinsure brand would remain unchanged and that the acquisition would allow both parties to "work together to provide a competitive trading environment through additional schemes and trading methods, while enabling an increase in market presence".
Although Ink refused to reveal the value of the deal, Insurance Age understands that the offer made to shareholders was around £15 a share taking the final consideration to just over £5m. The deal excludes the Westinsure
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