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Potential Sale of R&Q Marine Services Ltd (‘RQMS’) and the business of Synergy Insurance Services (UK) Limited (‘Synergy’)

14 January, 2015

The Board of Randall & Quilter is pleased to announce that preliminary agreement has been reached, subject to due diligence and contract, to sell RQMS and the business of Synergy to the Hiscox Group.

The potential sale of these businesses is part of the targeted disposal plan mentioned in the trading update on 13th November 2014. These disposals do not signal any major change in direction for the Group and are designed to ensure there is greater focus on the Group’s core strengths.

Further updates will be made in due course as the transaction progresses. Completion is currently anticipated to be within the first quarter of 2015.

Click here to download the full Press Release

 

Potential Sale of R&Q Marine Services Ltd (‘RQMS’) and the business of Synergy Insurance Services (UK) Limited (‘Synergy’)

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