IGI Receives PRA and FCA Approvals in Connection with its Previously Announced Business Combination with Tiberius Acquisition Corporation
TIBERIUS ACQUISITION CORP COMMON (TIBR)
Company Research
Source: Business Wire
DUBAI, United Arab Emirates--(BUSINESS WIRE)--International General Insurance Holdings Limited (“IGI”) today announced that it has received regulatory approval from the UK Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) in connection with its previously announced business combination with Tiberius Acquisition Corporation (NASDAQ: TIBR) (“Tiberius”), a publicly traded special purpose acquisition company.The PRA approval was received on February 24, 2020, and the FCA approval was received on February 25, 2020. These approvals are the last remaining insurance regulatory approvals necessary to successfully complete the transaction with Tiberius. IGI has already received regulatory approvals from the Bermuda Monetary Authority (BMA) and the Dubai Financial Services Authority (DFSA).IGI intends to close its previously-announced business combination with Tiberius as promptly as practicable following satisfaction of the requisite closing conditions and approval
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