Brief: Donegal Group Announces Sale Of Donegal Financial Services Corporation

Donegal

12/06/2018 13:44

June 12 (Reuters) - Donegal Group Inc  DGICA.O :
    * DONEGAL GROUP INC. ANNOUNCES SALE OF DONEGAL FINANCIAL
SERVICES
CORPORATION
    * DONEGAL GROUP INC - DEAL FOR APPROXIMATELY $85.0 MILLION
    * DONEGAL GROUP - ENTERED AGREEMENT TO SELL DONEGAL
FINANCIAL
SERVICES CORP ("DFSC") AND ITS UNIT, UNION COMMUNITY BANK, TO
NORTHWEST BANCSHARES, INC
    * DONEGAL GROUP-DGI TO RECEIVE DIVIDEND PAYMENT FROM DFSC OF
ABOUT
$14.5 MILLION & CONSIDERATION FROM NORTHWEST THAT WILL RANGE
FROM $38.9 MILLION TO $43.0 MILLION

Source text for Eikon:  ID:nGNX9q7bXd 
Further company coverage:  DGICA.O 

 ((Reuters.Briefs@thomsonreuters.com;))