Australia's AUB Group to buy majority stake in UK-based insurer PIHL

Reuters

01/27

Jan 27 (Reuters) - Australia's AUB Group AUB.AX said on Tuesday it will acquire a 95.9% stake in UK-based private insurance broking and underwriting platform PIHL Holdings for A$432 million ($298.47 million).

($1 = 1.4474 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru; Editing by Alan Barona)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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