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Pin to quick picksB.p Marsh Share News (BPM)

Share Price Information for B.p Marsh (BPM)

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Share Price: 515.00
Bid: 510.00
Ask: 520.00
Change: 0.00 (0.00%)
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Open: 515.00
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IN BRIEF: BP Marsh & Partners to sell stake in Kentro Capital

Tue, 23rd May 2023 12:16

BP Marsh & Partners PLC - London-based venture capital investor in financial services businesses - Will sell a 19% stake in Kentro Capital Ltd for a cash consideration of GBP51.5 million to US-based insurance intermediary, Brown & Brown Inc. The disposal is subject to approval from the Financial Conduct Authority.

Kentro Capital is a London-based insurance industry investment group. BP Marsh first invested in Kentro in August 2014, with an initial equity investment of GBP1.5 million for a 5.0% shareholding.

Current stock price: 333.00 pence, up 3.7%

12-month change: up 17%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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