(Reuters) -Luxembourg-based investment vehicle Reinet Investments said on Friday it was in talks for the potential disposal of its nearly 50% interest in UK insurer Pension Insurance Corporation (PIC)
Reinet Investments Negotiates Sale of Stake in UK Insurer PIC
(Reuters) -Luxembourg-based investment vehicle Reinet Investments said on Friday it was in talks for the potential disposal of its nearly 50% interest in UK insurer Pension Insurance Corporation (PIC).
The firm did not provide details on the talks or who they were being held with.
Sky News reported last week that European savings and retirement services group Athora was in talks to buy PIC in a deal that could value it at up to 5 billion pounds ($6.86 billion)
Athora is backed by Apollo Global Management.
PIC is owned by a consortium of shareholders including private equity firm CVC Capital Partners.
($1 = 0.7289 pounds)
(Reporting by Prerna Bedi in Bengaluru; Editing by Shailesh Kuber)
