Lloyds will buy Scottish Widows
Article Abstract:
Lloyds TSB Group PLC acknowledged that it is planning to purchase Scottish Widows Fund & Life Assurance Co. The deal gives Scottish Widows a value of 7 billion pound sterling. The move will form the second-largest life insurance, pension, and mutual fund provider in Great Britain. There were concerns that the deal would lead to a price war. However, analysts believe the acquisition could also strengthen the sector.
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Lloyds planning to purchase Scottish Widows
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Standard Bank, Liberty Life unveil ties
Article Abstract:
South African firms Liberty Life Association of Africa Ltd. and Standard Bank Investment Corp. have revealed plans to form a banking and insurance company.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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