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Great-West Lifeco to acquire Ark Life Assurance from Phoenix Group for $271M

Life insurance text from wooden blocks
Piotrekswat/iStock via Getty Images

  • Great-West Lifeco's (OTCPK:GWLIF) subsidiary, Irish Life Group, agrees to acquire Ark Life Assurance Company from Phoenix Group Holdings (OTC:PNXGF) for a total cash consideration of €230M ($272M).
  • The move bolsters Great-West Lifeco's presence in Ireland, adding ~150K policies

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