{"id":660608,"date":"2013-05-28T16:18:38","date_gmt":"2013-05-28T20:18:38","guid":{"rendered":"http:\/\/www.pehub.com\/?p=250228"},"modified":"2013-05-28T16:18:38","modified_gmt":"2013-05-28T20:18:38","slug":"partnership-assurance-offers-shares-for-325-400-pence-sources","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/660608","title":{"rendered":"Partnership Assurance Offers Shares for 325-400 Pence -Sources"},"content":{"rendered":"

Private-equity backed life insurer Partnership Assurance Group<\/strong> has set a price range of 325 pence to 400 pence per share for its planned London listing, Reuters reported.<\/p>\n

(Reuters) – Private-equity backed life insurer Partnership Assurance Group has set a price range of 325 pence to 400 pence per share for its planned London listing, two people familiar with the matter said on Tuesday.<\/p>\n

That values the British company, majority owned by private equity firm Cinven<\/strong> since 2008, at between 1.3 billion and 1.6 billion pounds ($1.96 billion to $2.4 billion), one of the people said.<\/p>\n

Partnership, which provides annuities offering higher annual payments to customers with medical conditions, plans to raise 125 million pounds from the sale of new shares to pay down debt.<\/p>\n

Cinven and company management will also be selling around a quarter of their stakes in the initial public offering (IPO), which is expected to be completed around the middle of this month.<\/p>\n

The post Partnership Assurance Offers Shares for 325-400 Pence -Sources<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Private-equity backed life insurer Partnership Assurance Group has set a price range of 325 pence to 400 pence per share for its planned London listing, Reuters reported. (Reuters) – Private-equity backed life insurer Partnership Assurance Group has set a price range of 325 pence to 400 pence per share for its planned London listing, two […]<\/p>\n","protected":false},"author":7428,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-660608","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/660608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7428"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=660608"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/660608\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=660608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=660608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=660608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}