Co-op and Markerstudy: A deal 22 months in the making
Late on 25 November, the Prudential Regulation Authority and Financial Conduct Authority at last approved Markerstudy’s takeover of the Co-op’s underwriting business – 675 days on from when the deal was first announced.
The transaction, which both parties confirmed had closed last week, carried a £185m price tag, which includes £101m for the Co-op’s underwriting assets, and £84m towards a distribution deal for home
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