Pension Insurance Corporation Group Limited (‘PICG’), ultimate parent company of Pension Insurance Corporation plc (‘PIC’), the specialist insurer of UK defined benefit pension schemes, today announces that Athora Holding Limited (“Athora”) has agreed to acquire PICG for approximately £5.7 billion. Athora is a leading pan-European savings and retirement services group with €76 billion of assets under management and administration, on behalf of 2.8 million policyholders. 

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