PSI psc insurance group limited
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News: PSI Psc Insurance Enters Into Agreements To Acquire 2 UK Based Commercial Broking...

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    03/03/21
    12:15
    Post #: 51480613

    March 3 (Reuters) - PSC Insurance Group Ltd (PSI) :

    • ENTERED INTO AGREEMENTS TO ACQUIRE TWO UK BASED COMMERCIAL BROKING BUSINESSES
    • ACQUISITION OF ABACO INSURANCE BROKERS LTD FOR A BASE CONSIDERATION OF £21.0 MILLION
    • ACQUISITION OF 100% OF TRUST INSURANCE SERVICES FOR A BASE CONSIDERATION OF ABOUT £15.5 MILLION
    • ACQUISITIONS EXPECTED TO GENERATE COMBINED INCREMENTAL ANNUAL EBITDA OF ABOUT £4.0 MILLION
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