Opinion: a seller's dilemma
Argenta's convoluted sales process provides a perfect
example of the quandary which faces any owner looking to sell an
asset.
Earlier this week, the Lloyd's managing agent announced it
had signed a deal to sell 100 percent of the business toEuropean reinsurer Hannover Re, at an undisclosed price.
Other suitors had included Matt Fairfield's start-up Exin
and Taiping Re, the non-life reinsurance arm of life giant China
Taiping.
Both are understood to have submitted higher bids for Argenta
than...
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