Feb 19 Canadian life insurer Great-West Lifeco
Inc said on Tuesday it would buy Irish Life Group Ltd
for C$1.75 billion ($1.73 billion).
Irish Life, formerly the life insurance arm of bailed out
Irish Life & Permanent, was taken over by the state after a
planned sale of the unit was suspended in 2011.
A source familiar with the negotiations told Reuters in
December that Canada Life, a unit of Canadian life insurer
Great-West Lifeco, was close to buying Irish Life.
The transaction is expected to close in July, Great-West