India, Nov. 6 -- Chesnara plc (CSN.L), a UK-based life insurance and pensions consolidator, announced on Friday that it has entered an agreement to acquire MetLife, Inc.'s (MET) closed-book UK life insurance company, Metlife UK Limited.
Terms of the deal, which is expected to complete during the first half of 2027, were not disclosed.
Consideration of the transaction is subject to customary adjustments at completion and is not expected to be material.
Upon completion, the deal is expected to be accretive to both, Own Funds and Contractual Service Margin by approximately £45 million.
The proposed acquisition would add Metlife UK's approximately 18,000 customer policies with £1.7 billion of assets under administration.
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