Ageas sells Tesco Underwriting stake for at least £125m
Tesco Bank will pay Ageas at least £125m for its 50.1% stake in Tesco Underwriting as it confirmed the deal first revealed by Post last year.
The cash purchase has been structured with Tesco paying £104m plus Ageas’ part of any change in net asset value realised by Tesco Underwriting from 30 June 2020 until closing, which is expected in the
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