FTSE 250 Financial Services Company Just Group Agrees £2.4bn Takeover
UNITED KINGDOM, JUL 31 – Brookfield Wealth Solutions paid a 75% premium to enter the UK pension risk transfer market by acquiring Just Group in an all-cash £2.4 billion deal, boosting BWS's growth ambitions.
Summary by Evening Standard
12 Articles
12 Articles
Brookfield Wealth Solutions to acquire Just Group in £2.4bn deal
A wholly owned subsidiary of Brookfield Wealth Solutions (BWS) is set to acquire London life insurer Just Group. Brookfield will reportedly pay 220 pence per share in cash, valuing Just Group’s equity at £2.4 billion ($3.2 billion). Brookfield said it plans to merge Just Group with its UK insurance business, Blumont, with the combined entity operating under the Just Group brand. The merged company would be led by Just Group’s existing management…
Coverage Details
Total News Sources12
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
To view factuality data please Upgrade to Premium