Friends Provident unveil €12.8bn merger

Friends Provident wrote a new chapter in its 175-year history today after unveiling an £8.6bn (€12.8bn) merger deal to create a “significant” new force in the British insurance industry.

Friends Provident unveil €12.8bn merger
Wed, 25 Jul, 2007 - 17:44

Friends Provident wrote a new chapter in its 175-year history today after unveiling an £8.6bn (€12.8bn) merger deal to create a “significant” new force in the British insurance industry.

The life and pensions specialist will combine with Resolution – the UK’s biggest owner of closed life insurance funds – to form Friends Financial Group.

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CourtsBusinessHeathrowPlace: UKPlace: GlasgowPlace: BirminghamPlace: ManchesterPlace: ExeterPlace: DorkingPlace: SalisburyPlace: EuropePerson: Mike BiggsPerson: Clive CowderyPerson: CowderyPerson: Barrie CornesOrganisation: Friends ProvidentOrganisation: ResolutionOrganisation: Friends Financial GroupOrganisation: AxaOrganisation: Standard LifeOrganisation: CapitaOrganisation: FriendsOrganisation: Friends FinancialOrganisation: F&COrganisation: Society of FriendsOrganisation: Phoenix Life AssuranceOrganisation: Scottish Mutual AssuranceOrganisation: Scottish ProvidentOrganisation: Resolution Life GroupOrganisation: Resolution plcOrganisation: Britannic GroupOrganisation: GEOrganisation: Panmure Gordon
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