Overview

• Just Group’s board recommended the 220p-per-share cash offer after valuing the company at a 75% premium over its pre-deal share price.
• Brookfield plans to merge Just Group with its Blumont Annuity UK arm under the Just brand while retaining the insurer’s London headquarters.
• Shareholders will vote on the takeover once approvals are secured from UK regulators.
• Chancellor Rachel Reeves described the bid as a sign of international confidence in the UK economy and its capital markets.
• Just Group manages over £27 billion in pension assets for more than 700,000 customers, highlighting strong overseas interest in the UK pension risk transfer sector.