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
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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.