Belgian insurer buys Sheilas’ Wheels owner Esure in £1.3bn deal
by Julia Kollewe from on (#6WKS0)
Ageas acquisition will create UK's third-biggest home and motor insurer and unite two complementary' firms
The Sheilas' Wheels owner, Esure, will be sold to the Belgian insurer Ageas in a 1.3bn deal that will create the UK's third-biggest home and motor insurer.
Ageas is buying the UK insurer from the private equity firm Bain Capital in a deal funded through a combination of surplus cash and debt or equity.
Continue reading...