Irish Life & Permanent sells UK life business for €70m

Irish Life & Permanent has reached agreement with Chesnara on the sale of its closed UK life business, City of Westminster Assurance, for €70m (£47.5m).

Irish Life & Permanent sells UK life business for €70m
Thu, 05 May, 2005 - 09:14

Irish Life & Permanent has reached agreement with Chesnara on the sale of its closed UK life business, City of Westminster Assurance (CWA), for €70m (£47.5m), pending the approval of Chesnara shareholders and the Financial Services Authority in the UK.

Closing of the deal is expected in June.

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CourtsBusinessHeathrowPlace: UKPerson: Peter FitzpatrickOrganisation: Irish Life & PermanentOrganisation: ChesnaraOrganisation: City of Westminster AssuranceOrganisation: Financial Services AuthorityOrganisation: CWAOrganisation: Irish Life (UK) HoldingsOrganisation: Irish Life GroupOrganisation: Irish LifeOrganisation: Irish Life & Permanent plcOrganisation: Irish Life InvestmentOrganisation: Irish Life & Permanent groupOrganisation: Hawkpoint Partners Limited
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