Royal London Plans Bid for GBP6 Billion Scottish Widows Annuities Portfolio, Sky Reports
January 04 2024 - 8:17AM
Dow Jones News
--Mutual life, pensions and investment company Royal London is
in talks to buy the bulk annuities portfolio of Scottish Widows
from Lloyds Banking Group, Sky News reports citing unnamed
sources.
--Sky reports that Royal London is expected to submit a bid for
the 6 billion pound ($7.60 billion) portfolio next week.
--Royal London declined to comment on the report when approached
by Dow Jones Newswires.
Full story: http://tinyurl.com/mvyjvpdw
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
January 04, 2024 08:02 ET (13:02 GMT)
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