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Co-operative Banking Group Ltd Announces Sale Of Life Insurance Business


Friday, 26 Jul 2013 02:00am EDT 

Co-operative Banking Group Ltd announced that the Prudential Regulation Authority and Financial Conduct Authority have approved the sale of its life insurance and asset management businesses to Royal London. The completion of the sale is part of Co-operative Group's plan to strengthen the Bank's capital base. Co-operative Banking Group Limited anticipates that completion of the sale to Royal London will occur on July 31, 2013. 

Company Quote

531.0
-39.0 -6.84%
29 Aug 2014