Brief: White Mountains to Acquire a Majority Stake in Bamboo

White Mountains Insurance

20/10/2023 13:02

Oct 20 (Reuters) - White Mountains Insurance Group Ltd
 WTM.N :
    * WHITE MOUNTAINS TO ACQUIRE A MAJORITY STAKE IN BAMBOO
    * WHITE MOUNTAINS INSURANCE GROUP LTD -  EXPECTS TO INVEST
APPROXIMATELY $285 MILLION, AND TO ACQUIRE APPROXIMATELY 70% OF
BAMBOO BASIC SHARES OUTSTANDING
    * WHITE MOUNTAINS INSURANCE GROUP LTD - TRANSACTION IS
EXPECTED TO
CLOSE IN Q1 OF 2024

Source text for Eikon:  ID:nPn7vpBc0a 
Further company coverage:  WTM.N 

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