CBL Corp to buy French insurance creator for 94 mln euro

Wed, 22 Jun 2016

By Paul McBeth June 23 (BusinessDesk) - CBL Corp plans to buy France's Securities and Financial Solutions Europe SA (SFS) for 94 million euros, taking over its biggest customer in a deal expected to lift the credit and financial risk insurer's earnings. The Auckland-based company has been granted exclusivity to pursue the acquisition, which would include IMS Expert Europe SA, a related claims management operation, it said in a statement. The deal is subject to regulatory processes and consents and is expected to be wrapped up before Oct....

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