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Prudential unit’s deal to sell £11.2bn annuity portfolio nixed

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Published on: 19 August 2019
Published by a Law360 reporter

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Law360, London: A judge refused on 16 August 2019 to approve a £11.2bn ($13.6bn) deal to transfer more than 365,000 Prudential annuity policies to an insurance company started in 2007, saying it was ‘entirely reasonable’ that policyholders would prefer the longer-established company.

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