In Brief: US group sells Sun Life stake

Thursday 20 July 1995 23:02 BST

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US group sells Sun Life stake

The Sun Life insurance company is now French-owned; the TransAtlantic group sold its 50 per cent stake to Union des Assurances de Paris, which already owned the other half, for pounds 527m. A factor in the decision to sell was the possible cost of investor compensation following accusations of pensions mis-selling.

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In Brief: US group sells Sun Life stake

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