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NCB completes sale Advantage General

NCB Capital Markets has completed the sale of its 100% stake in Advantage General Insurance Company.
 
The shares have been sold to three entities.
 
Sagicor investments acquired a 60 per cent stake.
 
Mark Thompson, CEO of Advantage General, also took a stake via Fundy Bay Equity.
 
He holds 34 per cent while the other six per cent is held by businessman Donovan Lewis through his entity, Resource in Motion.
 
NCB earned $6.6 billion from the sale.


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