UK - Candover poised to acquire stake in Towergate
Candover is in talks with Towergate about acquiring a 25% stake in the company. Candover previously backed Towergate founder Peter Cullum in a management buyout of Economic Insurance in 1994. According to reports, Candover could pay up to ТЃ850m for the minority shareholding, valuing Towergate at over ТЃ3bn.
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