LONDON (Thomson Financial) - Jelf Group Plc. said it has agreed to buy
Argyll Insurance (Holdings) Ltd. for an initial 9.94 million pounds in cash and
shares.
The company said the acquisition will increase the gross written insurance
premiums placed by the group with insurers by 12 percent to about 196 million
pounds from around 175 million pounds.
Chief executive Alex Alway said that the extension of its geographical
footprint into the Kent and Sussex region will provide a "'hub for growth'
around which we will consolidate small scale acquisitions".
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