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Samsung Fire & Marine Insurance plans to acquire a controlling stake in UK specialty insurer Canopius for $2.2 billion.
Samsung Fire & Marine Insurance plans to acquire a controlling stake in UK specialty insurer Canopius for $2.2 billion. According to local industry reports, Samsung Fire is in talks with US investment firm KKR and other investors to increase its stake in Canopius from 40% to approximately 80%, paying a total of $2.2 billion for the remaining 60% stake it does not yet own.
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