CBG confirms Giles approach
CBG has confirmed that it has received an approach from a fellow broker which could result in an offer for the business.
In a statement on the London Stock Exchange, CBG said: "The board of CBG Group notes the recent press speculation regarding a potential offer for the company and confirms that it has received an approach from Giles Insurance Brokers which may or may not lead to an offer for the company."
It added: "Any offer that is made is expected to be in cash."
The announcement was not made with the consent of Giles Insurance Brokers and CBG said there was no certainty that an offer would be made nor the
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