Hastings ‘very pleased’ with share capital offer from investors

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The deal recognises the ‘inherent value in the company’ adds Hastings’s group chief financial officer

Motor insurer Hastings today confirmed a cash offer from existing investor Rand Merchant Investment Holdings Limited (RMI) and financial firm Sampo Oyl to buy Hastings’s issued and to be issued share capital that is not already controlled by these parties – the insurer’s group chief financial officer John Worth believes this is a great indication of the appetite for overseas companies to invest in the UK insurance market.

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