PIC invests £60m in The Mercers' Company debt

Kim Kaveh
clock • 1 min read

Pension Insurance Corporation (PIC) has agreed to a £60m, 50-year debt investment in The Mercers' Company, six years after buying out its staff pension fund.

The deal - which makes PIC sole investor of the company - was agreed to by both parties at the end of January, and completed last week. The bond will fund refurbishments and additions to existin...

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