Resolution, Friends Provident FSA Gives Notice Of Approval
October 23 2009 - 12:42PM
Dow Jones News
Resolution Limited (RSL.LN) and Friends Provident Group PLC
(FP.LN) said Friday that the Financial Services Authority or FSA
has given notice of its approval, subject to conditions, of the
change of control applications submitted by Resolution in
connection with the acquisition.
MAIN FACTS:
-Subject to the sanction of the scheme and the confirmation of
the capital reduction by the court and the satisfaction or, where
relevant, waiver of the other conditions, the acquisition is
expected to become effective by Nov. 5.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com