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GRE earmarks pounds 1.25bn to spend on acquisitions
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Newspaper Article
GRE earmarks pounds 1.25bn to spend on acquisitions
1997
Overview
Guardian Royal Exchange may spend up to pounds 1.25bn on acquisitions, John Robins, the chief executive, said yesterday. Mr Robins said that in the US, GRE had investigated four propositions in the last 12 months, but none had met its requirements for return on capital. Two possible purchases are under examination, in the pounds 250m to pounds 500m range. Another area was life and health insurance in the UK, where a range of investments from pounds 500m to pounds 1bn was being studied. \"We aren't prepared to overpay,\" Mr Robins said. Scottish Amicable, which is now being auctioned off, is outside GRE's price range.
Publisher
Independent Digital News & Media
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