Great-West Lifeco to buy Irish Life for €1.3bn

UPDATE: Great-West Lifeco has announced that it has reached an agreement with the government to acquire Irish Life for €1.3 billion but the deal could mean €40m in cost cuts.

19th February, 2013
Great-West Life, the owner of Canada Life, is to pay at least €1.3 billion for the state-owned life and pensions company.

Great-West Lifeco has announced that it has reached an agreement with the government to acquire Irish Life for €1.3 billion.

The deal will be undertaken by the company’s subsidiary Canada Life and the Irish Life name will be retained, it said in a statement. The life and pensions operations of

Great-West Lifeco's Irish subsidiary Canada Life (Ireland) will be combined with the operations of Irish Life, it said.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago