It has a total cash consideration of $22.9m.
ComfortDelGro Corporation Limited (CDG) announced that it has acquired 51% stake in ComfortDelGro Insurance Brokers Pte Ltd (CDGI) from Global East Investments Pte Ltd for $22.9m, in accordance with their joint venture agreement inked in September 2003.
CDGI’s services include insurance broking, risk management, and claims management in Singapore.
CDGI is now a wholly owned subsidiary of CDG.
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