Kwik Fit fan Smith hails the potential of £215m broker deal
Fortis UK has secured access to the Kwik Fit group's database of motor repair customers as well as the brand for a minimum of 10 years as part of its £215m acquisition of its insurance intermediary arm.
The cash transaction, which is subject to regulatory approval and is expected to complete in the third quarter of 2010, came days after Post revealed a deal was imminent.
Kwik Fit Insurance Services
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