Giles' £5.1m offer for fellow insurance broker CBG has been declared wholly unconditional.

All conditions for the offer have now been satisfied, including the receipt of approval from the Financial Services Authority to change control of CBG.

CBG is expected to delist from the London Stock Exchange's Alternative Investment Market (AIM) on 28 September.

The offer will continue to remain open for acceptance until 14 September. As of 30 August, Giles had acceptance from 92.17% of CBG shareholders.

Giles' offer for CBG was declared unconditional with regards to shareholder acceptances on 25 August after Giles achieved more than its target 90% acceptance of its offer from CBG shareholders.

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