PSC Insurance Group Limited (ASX:PSI) acquired 77% stake in Easy Broking Online Ltd for £0.58 million on June 25, 2018. Of the consideration, £0.41 million was paid in cash and PSC shares and remaining 0.17 million adjustable, dependent on the annual revenue after the completion anniversary. While PSI already hold s 23% stake in Easy Broking through its subsidiaries, it will increase its direct or indirect holding in Easy Broking to 100% post the acquisition. In a related transaction, PSC Insurance Group acquired 70% of Turner Insurance Services Ltd for £3.96 million. The acquisitions will be funded by a combination of own cash and bank debt. The key management and staff will remain with the business. PSC anticipate a combined share of EBITDA net of results applicable to relevant minority shareholders, to initially exceed £0.6 million on an annualized basis for both the acquisitions. PSC Insurance Group Limited (ASX:PSI) completed the acquisition of 77% stake in Easy Broking Online Ltd on June 25, 2018.