StockMarketWire.com - Randall & Quilter Investment Holdings said it had completed the acquisition of UK-based Nationale-Nederlanden Internationale Schadeverzekering from NN Group.

NNIS was transferred from the Netherlands to the UK in 2012.

The residual liabilities comprised NNIS's exposures arising in relation to the Dutch Aviation Pool for years 1996 and prior.

It would be renamed to R&Q Epsilon Company SE.

'I am delighted that we have agreed the acquisition of NNIS and it follows other successful deals in the UK,' chief executive Ken Randall said.

'The acquisition continues to demonstrate the ability of R&Q to provide exit solutions for companies in run-off and providing finality for the owners. We remain excited about our legacy acquisition pipeline.'


At 8:19am: [LON:RQIH] Randall Quilter Investment Holdings PLC share price was 0p at 163.5p



Story provided by StockMarketWire.com