Sun Life Financial Plans Sale Of UK Business For Around GBP1 Billion - Sky

Date : 05/15/2012 @ 11:09AM
Source : Dow Jones News
Stock : Sun Life Financial Inc. (SLF)
Quote : 36.33  0.04 (0.11%) @ 9:35AM

Sun Life Financial Plans Sale Of UK Business For Around GBP1 Billion - Sky

Sun Life (NYSE:SLF)
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Sun Life Financial Inc. (SLF) is planning to sell its U.K. business for around GBP1 billion, Sky News reports Tuesday, without citing sources.

The firm has hired Morgan Stanley (MS) to oversee the auction of its U.K. operations, the report says, adding the sale is expected to attract interest from private-equity firms and rivals in the financial services industry.

Full story: http://blogs.news.sky.com/kleinman/Post:a85ed525-a233-4757-9b4c-a7185ec7b2c6

-London bureau, Dow Jones Newswires; +44 (0)20 78 42 9330; generaldesklondon@dowjones.com




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