Numis Securities and Cazenove have become the latest advisers to capitalise on Collins Stewart's conflict of interest on the potential takeover of PRI Group by its rival Brit Insurance.

Numis Securities has replaced Collins Stewart as adviser to Brit Insurance, which has bid £156m (€226m) for PRI Group. Collins Stewart was also nominated adviser and broker to AIM-listed PRI, but was forced to resign because of a conflict of interest, and Cazenove has taken its place.

Numis and Cazenove to capitalise on Collins Stewart conflict

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