Finance
Reinet Investments in talks to sell stake in UK insurer PIC
Published by Global Banking & Finance Review®
Posted on June 27, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 27, 2025
1 min readLast updated: January 23, 2026
Reinet Investments is in talks to sell its nearly 50% stake in UK insurer PIC, with Athora potentially valuing the deal at £5 billion.
(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)
Reinet Investments is in talks for the potential disposal of its nearly 50% interest in the UK insurer Pension Insurance Corporation (PIC).
European savings and retirement services group Athora is reportedly in talks to buy PIC, with a deal potentially valuing it at up to 5 billion pounds.
Athora is backed by Apollo Global Management.
PIC is owned by a consortium of shareholders, including private equity firm CVC Capital Partners.
The article mentions that $1 is equivalent to 0.7289 pounds.
Explore more articles in the Finance category
