Business
Kelly Partners (ASX:KPG) share price surges up on deal with Austbrokers
Insurance broker AUB Group Ltd (ASX: AUB) and accounting company Kelly Partners Group Holdings Ltd (ASX: KPG) announced a new partnership today.
In the deal, Austbrokers (owned by AUB Group) will offer insurance products to Kelly Partners’ clients, while Kelly Partners will provide accounting services to Austbrokers’ clients.
In early trade, the Kelly Partners share price surged up 8% to $1.76 before retreating to $1.70, up 4.29%, at the time of writing. The AUB Group share price rose slightly at open but is now trading flat at $17.02.
Details of the deal
The companies announced that a new operation, called ‘Austbrokers Kelly and Partners’, will market and deliver insurance broking services to Kelly Partners’ 8,000…
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