Editor's comment: Lloyd's soap rumbles on
As the clock ticked down to the Friday (15 October) deadline to complete a deal for Brit, the Dutch-domiciled insurer confirmed an extension has been granted to bidders Apollo and CVC Capital Partners.
Any prospect of a possible spanner in the works was soon put to bed though as Brit confirmed "significant progress has been made on a number of the pre-conditions, including the completion in all
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