Ardonagh to acquire PSC Insurance Group for A$2.3bn
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Ardonagh to acquire PSC Insurance Group for A$2.3bn

The buyer intends to fund the transaction with approximately 50% equity and 50% debt.

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Melbourne. Cityscape image of Melbourne, Australia during summer sunrise.

Ardonagh Group has entered into an agreement to acquire Australian retailer PSC Insurance Group in a cash transaction worth A$2.3bn

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