schreef:
Resolution considers further acquisition deals
25 March 2010
Resolution is looking into which companies will be its next acquisition targets.
The financial services takeover vehicle has indicated another acquisition deal may be looming.
Formed by entrepreneur Clive Chowdery, the insurance consolidator hopes it will complete two large transactions in the next year.
Scottish Windows, Aegon and Zurich Financial Services are among the possible targets.
The company's first acquisition, Friends Provident, made a pre-tax profit of £218 million last year.
A total of around £1.7 billion new Resolution shares were later issued to Friends Provident shareholders.
Resolution has been studying the company since its acquisition to see where cost savings could be driven through further consolidation.
Chief executive John Tiner said: "Our conversations across the board suggest there are a number of organisations that are being very thoughtful about their UK business and that gives us the confidence that we will complete the acquisition phase of this project during the period originally set out."