Randall & Quilter Investment Holdings (GB:RQIH) has released an update.
R&Q Insurance Holdings Ltd has successfully completed the sale of its program management business, Accredited Insurance Holdings Inc., to Onex Partners for $420 million in cash. The transaction is part of the company’s ongoing provisional liquidation process, with the proceeds being used to separate Accredited, reduce R&Q’s debt, and support the orderly wind-down of its remaining operations. The company’s liquidators will provide further updates on the liquidation progress in due course.
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