Chesnara PLC (LSE:CSN, FRA:6DE)'s (LSE:CSN, FRA:6DE) John Deane joins Proactive London to provide the details on the conditional agreement to acquire Sanlam Life & Pensions UK Limited (SLP).
The UK provider of insurance and long-term savings products will be bought for £39mln which will add around £2.9bn of assets under administration and roughly 80,000 policies to Chesnara’s portfolio.
Deane explains how this deal 'adds scale' and will 'continue to look for more opportunities'.