Chesnara Plc announces acquisition

  • Nov 22, 2019 GMT
  • Team Kalkine
  • The company will acquire life-insurance business portfolio from the Dutch branch of Belgian-owned Argenta Bank-en Verzekeringsgroep N.V
  • The Transaction will see the transfer of a portfolio of approximately 44,000 term and savings policies for a consideration of €29.15 million (approximately £25.0 million)
  • As at 30 June 2019, the acquired portfolio had gross assets of c.€380 million (£326 million)
  • On 22nd November 2019, CSN shares were trading at GBX 274.50 at GMT 09:04 AM, up 8.50 points or 3.19% from the previous day’s closing price level.

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