Brief: Chesnara Agrees To Buy 100% Of Metlife UK From Metlife Group
Today 07:24
BRIEF-Chesnara Agrees To Buy 100% Of Metlife UK From Metlife Group Nov 6 (Reuters) - Chesnara PLC CSN.L:
CHESNARA PLC - ACQUISITION
CHESNARA - AGREES TO BUY 100% OF METLIFE UK FROM METLIFE GROUP
CHESNARA - DEAL EXPECTED TO GENERATE £90 MILLION LIFETIME CASHFLOWS, HALF IN FIRST 5 YEARS
CHESNARA - DEAL EXPECTED TO INCREASE OWN FUNDS AND CSM BY £45 MILLION AT COMPLETION
CHESNARA - DEAL IMPACT ON CHESNARA GROUP SOLVENCY II RATIO ESTIMATED TO BE BROADLY NEUTRAL
CHESNARA - CONSIDERATION PAYABLE FOR DEAL NOT EXPECTED TO BE MATERIAL
Source text: ID:nRSF1337Ca
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