Life insurer Friends Provident (FRDPY.PK) agrees to be acquired by buyout group Resolution for a...

|About: Friends Provident UN (FRDPY)|By:, SA News Editor

Life insurer Friends Provident (FRDPY.PK) agrees to be acquired by buyout group Resolution for a revised £1.86B ($3.1B) bid. This is Resolution's first major acquisition as it seeks to lead a consolidation in the U.K. insurance sector.