Firm sold in multi-million pound deal
Job losses can't be ruled out following an agreement between Aviva and International Financial Group for the sale of Friends Provident.
That's according to IFGL Chief Executive David Kneeshaw.
He says a cross-company working party will be set up before the deal is completed to look at jobs, branding, and the location of both businesses.
The purchase is expected to cost in the region £340 million pounds, but is still subject to regulatory approval.
Mr Kneeshaw told Manx Radio that at this stage, he couldn't give any guarantees:
MONEYVAL representatives arrive on-Island as assessment gets underway
New MHK says voting needs to be more convenient
Manannan's replacement will be slower
Winter Support Hub to help 'the hardest hit' in community
Comments
Add a comment