Ho Bee Land, on Feb 24, announced the acquisition of The Scalpel in London for a total consideration of £718 million ($1.3 billion) to be satisfied entirely in cash.
A deposit of £35.9 million has been paid on Feb 23. The balance will be paid upon the completion of the acquisition on March 7.
The acquisition was made via acquiring all the shares in 34 Leadenhall Street Limited from Berkley Insurance Company and Berkley Regional Insurance Company.
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