AUB cancels plans for Tysers Retail JV with PSC and raises A$150mn
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AUB cancels plans for Tysers Retail JV with PSC and raises A$150mn

Samuel Casey
18 May 2023
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Tysers parent company AUB Group has cancelled plans to launch a joint venture with Tysers Retail and PSC Insurance Group following extensive discussions, and will continue to own 100% of Tysers, including Tysers Retail UK.

AUB had been in talks with PSC about the potential JV, but said that continuing to own Tysers Retail will enhance its strategic alignment with Tysers and increase cross-sell opportunities.

PSC

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Samuel Casey
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