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The latest announcement is out from Chesnara ( (GB:CSN) ).
Chesnara PLC has announced a second portfolio acquisition from Canada Life UK, involving a closed portfolio of unit linked bonds and legacy pension business worth £1.5 billion. This acquisition will enhance Chesnara’s UK business scale, adding approximately 17,000 policies and improving the Group’s Economic Value by at least £8 million. The acquisition is expected to provide a significant return on investment and contribute to cash generation over five years, although it will slightly reduce the Group’s Solvency II ratio. Chesnara continues to seek merger and acquisition opportunities, demonstrating confidence in financing and executing deals beneficial to vendors, customers, and shareholders.
More about Chesnara
Chesnara PLC is a European life and pensions consolidator listed on the London Stock Exchange, administering over one million policies. Operating under various brands in the UK, Netherlands, and Sweden, Chesnara focuses on efficiently managing customer life and savings policies and enhancing shareholder value through strategic acquisitions and profitable new business.
YTD Price Performance: 8.08%
Average Trading Volume: 191,524
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £389.6M
See more data about CSN stock on TipRanks’ Stock Analysis page.
