18th Dec 2009 15:28
18 December 2009
RESOLUTION LIMITED
Friends Provident secures German distribution arrangements
Resolution Limited announces that Friends Provident has agreed the purchase of Financial Partners Business AG (Fpb), its German distribution partner.
Friends Provident has worked exclusively with FpB, which has gross assets of €9.7 million, since 2007 to distribute its products to brokers and financial advisers in Germany. Friends Provident has been negotiating the acquisition of FpB during the course of 2009 and the Friends Provident Group plc Board approved the terms of the transaction prior to completion of the acquisition of Friends Provident by Resolution Limited. The purchase of FpB will secure Friends Provident's distribution arrangements in the German market.
- Ends -
Journalists requiring further information should contact:
|
Peter Timberlake |
Friends Provident |
+44 (0)1306 871 834 |
|
Keith Nolan |
Friends Provident |
+44 (0)1306 871 835 |
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