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Hardman & Co Research · ISIN: GB00B00FPT80 · EQS - Company News (11 News)
Country: Great Britain · Primary market: United Kingdom · EQS NID: 2064617
09 January 2025 10:20AM

Happy new acquisition


Hardman & Co Research
Hardman & Research on Chesnara plc: Happy new acquisition

09-Jan-2025 / 09:20 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on Chesnara plc: Happy new acquisition
 

After an interval of 18 months, Chesnara announced a new acquisition just before Christmas. Although relatively small, it is another positive step for the company. The deal is a further acquisition from Canada Life UK, this time a portfolio of unit-linked bonds and legacy pension business, consisting of ca.17,000 policies and £1.5bn of AUM. The portfolio will transfer into Chesnara’s UK business, Countrywide Assured. Expected completion is at the end of 2025, subject to the Part VII transfer getting court approval. Having previously purchased a Canada Life UK term assurance book, the integration should be straightforward.

 

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https://hardmanandco.com/research/corporate-research/chesnara-csn-happy-new-acquisition/

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

2064617  09-Jan-2025 

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