Giles Insurance in £5.1m deal for CBG

GILES Insurance, the acquisitive Glasgow-based broker, last night said it had agreed a £5.1 million takeover deal for Aim-quoted CBG.

By The Newsroom

Published 2nd Aug 2011, 01:14 BST

Updated 2nd Aug 2011, 23:07 BST

The agreement, which had been expected since details of a possible bid emerged last month, will extend Giles' geographic footprint by acquiring one of the largest brokers in the north-west of England. The offer comprises 32p in cash for each CBG share.

Glasgow England