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Towergate completes sale of Broker Network stake

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Following its announcement on the 23 March, Towergate insurance has completed the sale of a majority interest in its Broker Network Business to Highbridge Principle Strategies.

Towergate will retain 19.9% of Broker Network's shares.

The completion of the sale comes after regulatory approval and the affirmative vote of the requisite majority of shareholders.

In March

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