Athora receives regulatory approval for PIC acquisition

PRA greenlights £5.7bn takeover deal as Athora raises £3bn in new equity

Jonathan Stapleton
clock • 1 min read
Dom Veney: We look forward to joining Athora in the coming weeks
Image:

Dom Veney: We look forward to joining Athora in the coming weeks

Athora has received Prudential Regulation Authority (PRA) approval for its acquisition of Pension Insurance Corporation (PIC) Group.

The pan-European savings and retirement services group said the approval will allow for the change of control of PIC Group and its wholly owned subsidiary, PIC. It added that, as part of the PRA...

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