Acquisition expected to go through a month later than planned
The sale of Omega Insurance Holdings to Canopius is expected to be completed by the end of August, a month later than originally planned, according to a report on MoneyAM.
Omega said it had made significant progress in satisfying the regulatory conditions and requisite approvals.
Canopius will settle the payment for the Lloyd’s insurer within 10 days of the acquisition having made a formal offer of 67p per share or almost £164m in April.
Two thirds of Omega shareholders approved the deal in a vote last month.
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