Sampo Group and S. African Investor to Acquire UK Insurer Hastings for $2.2B in Cash

UK insurer Hasting Group Holdings has agreed to a £1.66 billion (US$2.2 billion) cash acquisition by Finnish insurer Sampo and Rand Merchant Investment Holdings Ltd., a South African financial services investment company. Hastings investors will receive 250 pence for each …

from News – Insurance Journal