Royal London To Buy Britannic?

Published / Last Updated on 28/04/2002

Following a £30m fall in profits last year, Britannic Assurance put themselves up for sale. It now appears they may have a buyer - Royal London.

Apparently, talks have been ongoing for a few weeks and Royal London is believed to be putting together a bid for the firm they already own 12% of.

At least another 3 companies are also expected to bid.