Kwik Fit closure hits Ageas with £23m restructuring bill
Ageas faces a bill of £23m in restructuring costs owing to the closure of its Kwik Fit business in Uddingston.
The motor insurer said in addition to the Kwik Fit bill, it also faced a £47m hit to its Q4 results owing to the anticipated lowering of the discount rate from 2.5% to 1%.
Ageas has strengthened its
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