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QBE Insurance Group Ltd. may be announcing that it will pay as much as A$300 million ($248 million) for Elders Ltd.'s insurance division to increase revenue from rural finance, the Australian Financial Review said.
Published on July 31, 2009
The agreement may be announced as soon as today after Elders shares were placed in a trading halt yesterday, the Review said, without saying where it got the information.
QBE is expected to take a minority equity stake in Elders as part of the deal, the report said.
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