Britannic comes close to mutual satisfaction
Article Abstract:
The pension company, NPI, was sold to Australian Mutual Provident (AMP) for 2.7 billion pounds sterling, in Dec 1998, following a competition between Britannic Assurance, CGU, AMP and Swiss Life. When NPI was first put on the market it drew interest from many of the large financial institutions, such as the Prudential. It was initially being sold for about 1.5 billion pounds sterling. AMP also purchased Henderson Fund Managers in Feb 1998 and are bidding for the Australian company GIO.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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Looking for a way out
Article Abstract:
Recent developments in the global financial markets, such as economic problems in Russia and south-east Asia, are expected to prompt a downturn in the buyout market. Buyers are not eager to spend in the light of falling share prices and banks are tightening their credit. However, private equity is still doing well, although opportunities to spend are limited.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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