UK P&I and Britannia Clubs Merger Plan Fails

2039

Termination of Merger Discussions Between UK P&I and Britannia Clubs

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Since the announcement in February 2016, the Boards of the UKP&I and Britannia Clubs have held discussions regarding a potential merger of the two Clubs.

While a number of potential synergies and benefits were recognised, no agreement could be reached on acceptable terms, and the discussions have now been terminated.

No further comment is being made by either party.

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Source: UK P&I Club