LONDON (Dow Jones)--U.K. insurance broker CBG Group PLC (CB.LN) Tuesday said it is hoping to carry on its buy-and-build strategy in 2010 by acquiring corporate insurance brokers as potential vendors become more realistic on pricing.
Speaking to Dow Jones Newswires, Group Managing Director Mike Askew said the Manchester-based firm will continue to focus on buying businesses in the northwest of England, adding that there are "tremendous opportunities" to buy small corporate insurance brokers.
Askew said there are no plans to raise money from investors at the moment as it has enough headroom in its banking facilities, adding that any acquisitions would likely have a share incentive included too.
Company Web site: www.cbg-group.co.uk
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