M&A Deals
Barclays sells Spanish pension assets and liabilities
Barclays is continuing to offload its non-core operations, selling its Spanish pension assets and liabilities to Vidacaixa, S.A.U. de Seguros y Reaseguros, a member of the Caixa Group.
RSA’s £403m sale of LatAm unit approved by Mexican regulator
Mexican insurance regulator National Commission of Insurance and Finance (CNSF) has approved the sale of the local arm of UK-based RSA Insurance Group by Colombia’s Grupo Sura.
Elian sold to Dutch firm Intertrust
Jersey headquartered fiduciary services company Elian Group is to be sold for £435m ($627m, €553m) to Dutch trust and corporate services provider Intertrust.
Close Brothers AM buys Eos
Close Brothers Asset Management has acquired the chartered financial planning firm, Eos Wealth Management, for an undisclosed sum.
Barclays Africa to expand insurance business into Ghana
Barclays Africa Group (BAGL), one of South Africa’s ‘big four’ banks, is looking to expand its insurance business into Ghana, local media reports suggest.