17th Mar 2015 17:42
LONDON (Alliance News) - Aviva PLC said Tuesday that its GBP5.6 billion takeover of life insurance rival Friends Life Group Ltd has received approval from UK financial regulators the Prudential Regulation Authority and the Financial Conduct Authority.
The deal was approved by the European Commission last Friday.
Both companies confirmed the news.
Shares in Aviva closed down 0.4% at 546.50 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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