13th Jan 2020 11:42
(Alliance News) - Aviva PLC is in talks to buyout the executive pension scheme of department store chain Debenhams PLC, a pot which holds roughly GBP200 million of assets, Sky News reported on Sunday.
The agreement, which the broadcaster added could be sealed within weeks, would be a controversial one, as it would not include the majority of the Debenhams work force.
The news comes in the wake of Debenhams, which was listed on the London Stock Exchange until April, confirming it would close 19 stores for good between January 11 to 19.
Insurance firm Aviva's shares were 0.3% higher at 414.20 pence each in London on Monday morning.
https://news.sky.com/story/struggling-debenhams-to-offload-bosses-pension-scheme-11907185
By Eric Cunha; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Aviva