![]() |
![]() ![]() As a subscriber, you will
| UK Businesses For SalePearl Assurance set to takeover Resolution Life
17/04/2008
Pearl Assurance is to takeover Resolution Life in a deal approaching £5bn after the Financial Services Authority approved the acquisition.
Last November, Pearl made the deal with the Resolution board. The sale of Resolution Life, which had been delayed, is now likely to be effective on May 1. However, the takeover has been subject to many delays, leading some investors to think that the deal would not go ahead. In February, Resolution commented that the deal had been delayed to give Pearl time to converse with the FSA regarding the distributions of capital from the Resolution life companies, which is due to happen after the acquisition is complete. Resolution Life is a specialist manager of in-force UK life funds. It has 7 million customers and combined life company invested assets of over £61 billion, according to the company's website. |
12 May 2008
Natalie Massenet, founder of the online fashion retail business, Net-a-Porter.com, is thought to hav...[more]
09 May 2008
Mobile bulk messaging group, Dynmark, is undergoing a review of its business which may lead to a sa...[more]
09 May 2008
Diageo, drinks company, is to announce restructuring plans for its Irish Guinness business. This pla...[more]
07 May 2008
British media group, Fresh Media Group [FMG], has decided to sell Ceros, its online interactive ma...[more]
| ||||||||||||||||||||||||||||||||||||||||
| More Businesses for Sale |
|
|||||||||||||||||||||||||||||||||||||||||
| © 1995-2008 Business Sale Report. A division of Business Data International Ltd. All rights reserved | ||||||||||||||||||||||||||||||||||||||||||