Admiral Group in exclusive talks to sell its U.S. business

Investing.com -- British motor insurance company, Admiral Group (LON:ADML), announced on Thursday that it is in exclusive discussions regarding the potential sale of its U.S. operations. The announcement was made alongside the release of the company’s annual results.

Admiral Group, which is headquartered in Wales, did not disclose further details about the planned sale, including the potential value, timeline, or the identity of the possible buyer.

The decision to sell the U.S. business came after Admiral Group revealed last year that it would evaluate strategic options for its operations in the country.

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