BP Marsh has released a trading update that covers the period to the end of January 2014. Deals concluded during the final quarter were the purchase of a 40% stake in a motor vehicle insurer based in Sydney, Managing General Agent, the purchase of a 30% stake in Walsingham, a specialist motor vehicle insurer based in the UK and the LEBC stake acquisition announced earlier this month. Net cash at the end of the period was £8.5m. Full year results are expected to be released on 3 June 2014.
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