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Reinet Investments in talks to sell stake in UK insurer PIC
June 27 (Reuters) - Luxembourg-based investment vehicle Reinet Investments ( opens new tab said on Friday it was in talks for the potential disposal of its nearly 50% interest in UK insurer Pension Insurance Corporation (PIC).
The firm did not provide details on the talks or who they were being held with.
Sky News reported last week that European savings and retirement services group Athora was in talks to buy PIC in a deal that could value it at up to 5 billion pounds ($6.86 billion)
Athora is backed by Apollo Global Management (APO.N), opens new tab.
PIC is owned by a consortium of shareholders including private equity firm CVC Capital Partners.
($1 = 0.7289 pounds)
