Friends Provident's sale of F&C and Lombard remains on track but the insurer will not be forced to offload the units unless the price is right, new chief executive Trevor Matthews says.
Matthews told Reuters Friends does not need to sell the assets to raise funds, as the firm continues to implement its business restructure announced in January. The insurer’s 52% stake in asset manager F&C and its Luxembourg-based insurance unit Lombard have been on the market for seven months. “We don't have to sell them...
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