Sale of R&Q Insurance coverage’s Accredited will get shareholder approval

Shareholders of R&Q Insurance coverage Holdings have authorised the sale of the group’s program administration enterprise to Onex Companions.

In a London Inventory Trade submitting on Thursday, R&Q stated: “The board is happy to announce that, on the particular common assembly held earlier at this time, the decision in relation to the proposed sale of Accredited was duly handed. Accordingly, shareholder approval to the sale has been obtained.”

“R&Q continues to work expediently in the direction of satisfying all different remaining circumstances to the sale and stays hopeful that applicable agreements will be reached with all of its lending banks, suppliers of credit score, and different finance suppliers to allow the sale to happen,” the non-life international specialty insurance coverage firm famous.

It was additionally highlighted that there is no such thing as a assure that every one circumstances to the sale will likely be happy or that every one vital agreements will likely be reached.

Based on R&Q’s replace, 55.22% of the votes forged had been in favor of the sale.  

What do you consider this story? Share your ideas within the feedback beneath.