Hastings Group Holdings’ head office.
Finnish insurer Sampo and South Africa's Rand Merchant Investment have made a cash offer for the UK's Hastings Group.
August 05, 2020 at 06:21 AM
1 minute read
Reporter
Allen & Overy and Freshfields Bruckhaus Deringer have won mandates on the £1.66 billion sale of British insurer Hastings Group to buyers in Finland and South Africa.
A consortium made up of Finnish insurer Sampo and South Africa’s Rand Merchant Investment (RMI) announced on Wednesday an offer of 250p per share for the shares in Hastings not already owned, valuing the transaction at £1.66 billion, according to a London Stock Exchange release.
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