Irish boost for CGU.
CGU has boosted its presence in the Irish market with the acquisition of the Hibernian Group for £34...
CGU has boosted its presence in the Irish market with the acquisitionof the Hibernian Group for £344m. CGU already owns 28% of the shares in
Hibernian, and decided to launch a full offer to take advantage of good
economic conditions in Ireland. CGU Ireland will be integrated into the
Hibernian business, creating the second largest company in the Irish
general insurance market and the largest composite insurer. Hibernian will
retain its brand and management.
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