Argo Group sells Brazilian operations to Spice

04 October 2021

Argo Group International has agreed to sell its Brazilian unit, Argo Seguros Brasil, to domestic private equity house Spice for 160mn Real ($29.8mn).

The transaction is expected to close by the end of the year, subject to regulatory approval.

Spice’s investments are managed by GP Advisors, a Bermudian subsidiary of GP Investments.

The

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Topics

News M&A Argo

Rachel Dalton

Lead Reporter