October 22, 2024

Wefox investors propose €25m injection to thwart Ardonagh deal

 Wefox investors propose €25m injection to thwart Ardonagh deal

Wefox investors propose €25m injection to thwart Ardonagh deal

Two of the leading investors in Wefox, the troubled insurance technology company, are proposing to lead a €25m (£21.1m) capital injection to thwart a rival proposal from insurer Ardonagh to buy large chunks of the company.