Giles CEO dampens IPO speculation after £5.1m CBG move
The CEO of Giles Insurance Brokers has dampened speculation his firm will seek an IPO any time soon by claiming that being a listed broker is a "regulatory burden".
Chris Giles made the comment as his business announced a recommended cash offer for listed broker CBG Group of 32p per share.
Private-equity-backed Giles claims the offer has the support of a number
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