Argo Group sells Brazilian operations to Spice
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Argo Group sells Brazilian operations to Spice

Rachel Dalton
October 04, 2021
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Argo Group International has agreed to sell its Brazilian unit, Argo Seguros Brasil, to domestic private equity house Spice for 160mn Real ($29.8mn).

The transaction is expected to close by the end of the year, subject to regulatory approval.

Spice’s investments are managed by GP Advisors, a Bermudian subsidiary of GP Investments.

The

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