BSM changes hands again.THE British School of Motoring has changed hands for the second time in less than a year after its bosses unveiled a pounds 10m deal to take the wheel. BSM's joint managing directors Abu-Haris Shafi and Nikolai Kesting, who led the takeover, outlined ambitious plans to recruit another 3,000 driving instructors and open more centres within the next two years. The acquisition comes just nine months after insurance giant Aviva Aviva plc (LSE: AV.) is the world's fifth-largest insurance group, the biggest insurance group in the UK and the second-largest insurance group in Canada. Worldwide, it trails behind AXA, Allianz, ING and Fortis. sold BSM BSM Business Service Management BSM Basic Security Module BSM Best Stations Memory (Pioneer car stereos) BSM Business Systems Modernization BSM Bronze Star Medal BSM Black Student Movement BSM Benilde-St. to German private equity group Arques Arques is the name or part of the name of several communes in France:
The pair, who previously held a minority stake in BSM, now own 100% of the Bristol-based driving school having agreed to pay the full pounds 10m to Arques over a period of years. |
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