Summary
Friends Provident, Britain's smallest blue-chip life insurer, will not sell its Lombard and F&C units if it cannot get a good price, recently appointed chief executive Trevor Matthews said yesterday.
"We don't have to sell. We don't need the proceeds to support our strategy going forward," said Matthews.See the full content of this document
Extract
Friends Provident Will Not Panic Sell ; Insurance
He added, however, plans to sell the two units were still on tra...
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