Standard Life Rumoured to Be Showing Interest in Resolution ; Insurance

Summary

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Standard Life emerged yesterday as another possible gatecrasher to the merger of insurers Friends Provident and Resolution after reports suggested the Edinburgh-based firm could be mulling a move on one of the parties.

The recently-demutualised life and pensions giant is believed to have spoken with long-term adviser Merrill Lynch for advice on a possible approach to Resolution, the closed life fund spun out of the old Birmingham-based Britannic Assurance, which is involved in a pounds 8.3 billion merger with Friends Provident.

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Standard Life Rumoured to Be Showing Interest in Resolution ; Insurance

Reports of Standard Life's interest - which sent its shares down 21/2p to 300p in early trading - came as speculation mounted over a raft of oth...

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