Business Insurance, August 3rd, 1998
LONDON - The merger of the financial services operations of B.A.T Industries P.L.C. and Zurich Group is on course for completion in September or October, B.A.T Chairman Lord Cairns said last week.
Speaking as the London- based tobacco and financial services group unveiled interim results, Lord Cairns said the target date should be met, 'provided that regulatory consents continue to be achieved as expected.'
Commenting on the pretax profits for the six months to June 30, 1998, which were 14% lower than in the same period last year at GBP1.06 billion ($1.77 billion), Lord Cairns said one rea...
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