AUB lines up funding for British acquisition

Listed insurance aggregator AUB Group Limited is understood to be doing the rounds to line up funding as word gets out on the acquisition it’s been studying.

The admission was followed by words of caution from the AUB board, which warned shareholders the discussions had not led to a transaction being agreed on terms acceptable to the parties. Not that long ago, Macquarie’s sell-side team was reminding clients of AUB’s mergers and acquisition dry powder in a February 22 research note.

The question is how big the Tysers acquisition would be, and if AUB’s funding needs would spill over into equities fund managers’ territory too.

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