British financial services provider Standard Life has agreed to sell its Canadian activities to Manulife of Canada for $3.6 billion (TL 8 billion), it said yesterday. "Standard Life announces the sale of its Canadian business ... to The Manufacturers Life Insurance Company, a subsidiary of Manulife Financial Corporation, for a total cash consideration of Can$4.0 billion," it confirmed in a statement to the London Stock Exchange, after Manulife had announced the deal overnight in Toronto. Standard Life will return $2.87 billion of capital to shareholders, following completion of the deal.
The two companies also established a global agreement to distribute each other's products.
to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the
used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan
ilgili bilgi almak için lütfen