30th Oct 2018 14:46
LONDON (Alliance News) - BP Marsh & Partners PLC said Tuesday it acquired a further 1.9% stake in Nexus Underwriting Management Ltd for GBP2.5 million in cash.
The new shares have been bought from Hugh Morland, a non-executive director of Nexus. Following the purchase the company has an aggregate shareholding of 18.5% of Nexus' capital.
BP Marsh Chief Investment Officer Daniel Topping said: "We are pleased to increase our shareholding in Nexus, as it continues on its exciting growth trajectory."
BP Marsh & Partners shares were trading up 0.7% Tuesday at 276.98 pence each.
Related Shares:
B.p Marsh