LONDON (Thomson Financial) - BBA Aviation is in talks with Legal & General
to swap assets worth 280 mln stg from its 460 mln stg pension scheme for an
annuity from the insurer, The Daily Telegraph reported.
The deal, which is designed to reduce risk, will see BBA continuing to own
and run the scheme, as well as retaining liabilities, a source told the
newspaper.
BBA declined to comment, the paper added.
paul.sandle@thomson.com
ps/cmr
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