Fiji Sun, 29 December 2017 – The proposed acquisition of leading medical insurance company Fiji Care Insurance Limited (“FIL”) by Avi Raju’s Mount Sophia Ventures (Fiji) Limited (“MSV”) is set to commence in the New Year.
It is understood from sources closely involved in the potential share purchase of FIL that a decision will be made by March.
The proposed transaction is subject to various regulatory approvals including approvals by the Reserve Bank of Fiji (under the Insurance Act and Companies Act), the Reserve Bank of Vanuatu and the South Pacific Stock Exchange. Read more…
