FG Financial touches 3 week-high on plans to form merchant banking unit

FG Communities Holdings

12/09/2022 17:21

** Shares of reinsurer and asset manager FG Financial Group
Inc  FGF.O  up 2.5% at $1.62
    ** Stock hits highest level since Aug. 23
    ** Bank says will form merchant banking division to take up
underwriting and financing activities for companies  urn:newsml:reuters.com:*:nBw1CGgbCa
    ** As of last close, stock was down 58% so far this year

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))