Turners predicts 2018 earnings uplift after buying Autosure for $34M; shares gain

Mon, 21 Nov 2016

By Sophie Boot Nov. 22 (BusinessDesk) - Turners, the financial services firm formerly known as Dorchester Pacific, expects a "significant" earnings uplift after buying motor insurer Autosure from Suncorp New Zealand. Turners has bought the Autosure brand, mechanical breakdown and payment protection insurance portfolios, for $34 million, with settlement due to occur on Dec.1, the Auckland-based company said in a statement. Autosure distributes through about 750 dealer agencies in New Zealand, and Turners expects it to contribute earning...

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