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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.
-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; [email protected]