Suitors approach Hambro

Hambro Insurance Services (HIS), which was the focus of a takeover approach from the Irish financial services group Fishers last…

Hambro Insurance Services (HIS), which was the focus of a takeover approach from the Irish financial services group Fishers last year has said that it has received a number of approaches from interested parties.

Hambro said talks were under way for all of its share capital including the 52 per cent controlling stake held by parent company and investment group, Hambros. The announcement came a day after Hambros disclosed that it was being taken over by South African investor Investec for £428 million.

Hambro did not say who was involved in the approaches and there has been no indication so far from Fishers that it had renewed interest in HIS, but industry sources said that it would be surprising if Fishers was not one of the "interested parties".