4th Mar 2019 11:51
LONDON (Alliance News) - Randall & Quilter Investment Holdings Ltd on Monday said it has completed the purchase of UK-based Nationale-Nederlanden Internationale Schadeverzekering SE from NN Group NV.
The insurance company did not disclose financial details of the deal but said it intends to rename the acquired business into R&Q Epsilon Co SE.
"I am delighted that we have agreed the acquisition of NNIS and it follows other successful deals in the UK. The acquisition continues to demonstrate the ability of Randall & Quilter to provide exit solutions for companies in run-off and providing finality for the owners," said Chair & Chief Executive Ken Randall.
Randall & Quilter shares were trading 0.9% lower on Monday at 162.00 pence each.
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