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
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast.
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.