Quindell takes 19% stake in US telematics provider
Outsourcer Quindell has completed a deal for a 19% stake in Himex, as US provider of usage-based insurance products.
Quindell will pay for its stake with £1.8m in cash and 64.8m Quindell shares.
Following the deal, it will serve as the sole distributer of certain Himex products in the UK, Canada and South America
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