Transaction still needs approval from SRA and FCA


Quindell shareholders have approved the insurance outsourcer’s planned £637m sale of its professional services division to Australian law firm Slater and Gordon.

Shareholders approved the deal at an extraordinary general meeting held at 10am today.

The deal still needs approval from the Solicitors Regulation Authority and the FCA before it can go ahead.

Quindell announced on 30 March that it had struck a deal with Slater and Gordon to sell the professional services division.

The deal includes Quindell’s legal services division, its credit hire unit and its portfolio of industrial deafness claims.