FSA still silent on Pamplona’s bid to build Chaucer stake
UK regulator the Financial Services Authority (FSA) is yet to approve Russian-backed private equity firm Pamplona adding a further 6.28 percent to the 9.99 percent stake it owns in Lloyd's insurer Chaucer.
Pamplona entered into an agreement to acquire up to a further 34,425,149 Chaucer ordinary shares at 44 pence per share in June last year. But The Insurance Insider understands that the London-based investment firm holds just the beneficial equity, while voting rights are currently being held in a...
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