Camellia Plc sells shares in BF&M Limited to Bermuda Life for $100 million

LONDON: Camellia Plc sold its shares in BF&M Limited to Bermuda Life Insurance Company Limited for $100 million on 5 December. The sale resulted in a net profit of around £10.7 million for Camellia. The company plans to use the funds to grow its business by investing in its existing companies and exploring new opportunities.…