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Simply Business closes in on MBO as Brit CEO Cloutier admits u-turn over broker commitment

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Simply Business is close to a deal which will see it separate from Brit Group through a management buyout, Postonline has learnt.

The online commercial broker which reports its financials through the holding company Xbridge was not part of the recent deal which saw the Brit UK business bought by QBE; and Brit Group focus on

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