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Wefox shareholders suggest €25m investment to block Ardonagh acquisition

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June 18, 2024
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Leading investors in Wefox, the insurance technology company, are proposing a €25m (£21.1m) capital injection to counter a rival proposal from insurer Ardonagh to purchase a significant portion of the company. According to sources, London-listed Chrysalis Investments and Target Global have submitted a term sheet to Wefox in recent days, arguing that their proposal would preserve value for the…

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