Pemba's exit from Australian insurance broker falls through
Australian insurance broker network AUB Group has terminated its agreement to acquire Pemba Capital Partners’ 49% stake in Coverforce Holdings, a transaction that was opposed by the company’s founder.
The deal was conditional upon, among other things, the delivery of due diligence materials by an agreed date. This deadline was not met, and the parties were unable to agree on a revised schedule, AUB...
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