Guardian to purchase Zenith share capital
Guardian General and the shareholders of Zenith have signed a memorandum of understanding under whic...
Guardian General and the shareholders of Zenith have signed a memorandum of understanding under which Guardian intends to purchase the entire share capital of 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.
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