Guardian swoops for Link
Guardian General and the shareholders of Zenith have signed a memorandum of understanding under which Guardian intends to purchase the entire share capital of the Zenith with the exception of its Lloyd's businesses, which are currently in run-off. It is anticipated that the purchase, which is subject to regulatory approval and a detailed due diligence process, will be concluded within the next three months.
Upon completion, Zenith will be integrated into Guardian's Gibraltar-based operations.Guardian added that both businesses will continue trading as separate brands and that the current agency
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