CGU buys Hibernian
CGU has boosted its presence in the Irish market with the acquisition of the Hibernian Group for £344...
CGU has boosted its presence in the Irish market with the acquisition of the Hibernian Group for £344m.CGU already owns 28% of the shares in Hibernian, and decided to launch a full offer in order to take advantage of positive economic conditions in Ireland.
The move will see CGU Ireland integrated into the Hibernian business, which will create the second largest company in the Irish general insurance market and the largest composite insurer. Hibernian will retain its brand and management.
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