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QBE - QBE Insurance News Story

A$8.54 0.4  4.3%

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Sector
Financials
Size
Large Cap
Market Cap £5.74bn
Enterprise Value £8.08bn
Revenue £11.98bn
Position in Universe 51st / 1837

BRIEF-Elders entered into an agreement with QBE

Tue 22nd November, 2016 10:28pm
Nov 23 (Reuters) - Elders Ltd  ELD.AX : 
    * Elders to acquire further equity in Elders Insurance 
    * Purchase price, which is confidential, will be funded by 
Elders from available cash. 
    * Entered into an agreement with QBE to acquire a further 
10% of Elders Insurance 
    * Allison noted that investment in EIUA would, based on 
historical and expected dividend performance, be earnings 
accretive 
    * Elders to acquire further equity in Elders Insurance 
 
Source text for Eikon:  ID:nASX5snlGN  
Further company coverage:  ELD.AX  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
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