AIB has sold its Ark Life subsidiary to British life assurance, pension and annuity provider Guardian Assurance, according to a report.
Although the acquisition price has not been disclosed, The Irish Times report quoted market sources as saying it was about €350 million.
Guardian said in a statement that Ark Life, which manages assets of €4 billion and has 270,000 policies, was a “strategically important acquisition” and would provide a “platform for further M&A growth”...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team