Lombard, Leapfrog buy RSA's stake in Thai insurer
Lombard Investments and LeapFrog Investments have acquired a 21.75% stake in Thailand’s Syn Mun Kong Insurance (SMK) from Royal & Sun Alliance Group (RSA) for THB1.89 billion ($57.5 million).
The two private equity firms purchased RSA's entire holding of 4.35 million shares at THB435 apiece, according to a regulatory filing. They now each own a 10.875% stake in SMK. RSA, which is divesting...
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