Reinet Divests Stake in Pension Insurance Corporation

Reinet Investments S.C.A. has announced the disposal of its entire shareholding in Pension Insurance Corporation Group Limited (PICG) to Athora UK Holding Limited. This transaction forms part of a larger deal involving shares from entities like Abu Dhabi Investment Authority and CVC Capital Partners.

The approval from the Prudential Regulation Authority, in consultation with the Financial Conduct Authority, was granted on 6 March 2026, allowing Athora to acquire control over PICG. No further conditions remain, and completion is anticipated around 27 March 2026. Reinet is set to gain approximately GBP 2.9 billion from the transaction.

No further updates from Reinet are required unless legally mandated. For more details, individuals can refer to announcements on the websites of PICG and Athora.