Premia and Global Risk Capital subsidiary Canvas acquires SPX asbestos assets
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Premia and Global Risk Capital subsidiary Canvas acquires SPX asbestos assets

Rachel Dalton
04 November 2022
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Canvas, a joint venture between Global Risk Capital and a Premia affiliate, have acquired three asbestos subsidiaries from SPX Technologies.

SPX contributed $138.8mn in cash to the subsidiaries while Canvas contributed $8mn to them. The technology company estimated that the transaction will provide an annual benefit to its adjusted earnings per share of $0.08-$0.10

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