QBE strikes $1b deal with PMI
| Source: | Lateline Business |
|---|---|
| Published: | Thursday, August 14, 2008 9:59 AEST |
| Expires: | Wednesday, November 12, 2008 9:59 AEST |
QBE has reopened its wallet and struck a billion-dollar deal which could see it secure a 40 per cent stake in the domestic mortgage insurance sector. The company has agreed to buy the Australian and New Zealand arms of troubled United States company, PMI.
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