Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Jardine Lloyd Thompson Combines Spanish Business With March - Unipsa

Jardine Lloyd Thompson Group plc or JLT said it would combine its existing Spanish retail broking business JLT-SIACI Espana S.L. with the business of March - Unipsa Correduria de Seguros, S.A.U. or Unipsa, the fourth largest commercial insurance broker in Spain and a subsidiary of Banca March, to form March-JLT.

As part of the transaction, JLT would have a 25% interest in the combined business which would become a JLT Network Partner. The total consideration for the purchase is 16.8 million euros or about 14.0 million pounds, comprising of cash and JLT's existing Spanish business.

Unipsa's core business is corporate-focused, with specialty capabilities including Construction, Tourism and Marine & Cargo. In 2010, Unipsa had revenues of around 16.7 million euros.

Click here to receive FREE breaking news email alerts for Jardine Lloyd Thompson Group PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.