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Greenoaks Wraps Up Acquisition of 92.8% Stake in Union Assurance

The board of Greenoaks Global Holdings Limited has announced the completion of the acquisition of a 92.8 per cent stake in Union Assurance Company Plc, a former associate company of Union Bank Plc.

The firm, in a statement, yesterday, said it has a dedicated fund for insurance asset acquisitions in the emerging markets.

A representative of GGH, Andrew Borda, stated that the investment represents an important part of the actualization of Greenoaks strategy to further penetrate emerging markets.

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