Argus Group Holdings Limited (BER:AGH.BH) entered into an agreement to acquire FirstUnited Insurance Brokers Limited for €2.9 million on May 22, 2019. FirstUnited would become a wholly owned subsidiary of Argus. Under the terms of the acquisition, FirstUnited will retain its name and continue to operate independently from other Malta-based businesses within the Argus Group. FirstUnited senior management will continue to lead the company, operate from their existing office location and retain the FirstUnited brand. The transaction is subject to receipt of all regulatory approvals.