Slow progress on IAG UK sale
Two months after Australian general insurer IAG announced that it was selling its UK business, it is understood that its adviser Evercore has still not released the full sales prospectus.
Moreover, as the summer hiatus approaches, the M&A world is about to enter a slow period where progress is likely to be incremental at best.
IAG disclosed that it had placed its UK operations, including Lloyd's platform Equity, up for sale in the second half of May as it looks...
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