€1.6bn private equity offer for Intertrust
‘There can be no assurance that a transaction will materialise from these discussions’
‘There can be no assurance that a transaction will materialise from these discussions’
Refutes suggestion that it was not the ‘best financial outcome’ for members
MP alleges that rival bid could have saved insurer from demutualisation
It is the first company to join the scheme
Company’s private equity owner will reportedly launch an auction during 2022
‘Case for demutualising is very weak’ when there is an ‘alternative, equivalent option’ to retain status
There ‘can be no certainty’ that the talks will ‘result in a transaction’
A round-up of people moves and M&A deals across North America
Founder of acquired business will retire after the deal
It will ‘continue to invest in the transformation and growth of its wealth management’ arm
Firm says that it is ‘building a business, not buying one’
As it creates two segments focussing on HNW and affluent clients