Business
Completion of HSBC Life (UK) Limited Acquisition
Chesnara plc has successfully completed the acquisition of HSBC Life (UK) Limited, its fifteenth and largest acquisition to date. The company confirms no material changes have occurred since the initial announcement on July 3, 2025. This acquisition is expected to increase Chesnara's scale in the UK market, support long-term cash generation, and enhance the Group's dividend, aligning with their strategy of undertaking value-accretive acquisitions. Disclaimer*
About this update from Chesnara Plc
[{"type":"text","content":"\n\n\n \n\n\n\n\nLEI Number: 213800VFRMBRTSZ3SJ06\n \n\n\n\n\n\n\n\n2 February 2026\n \nCHESNARA plc\n(\"Chesnara\" or \"the Company\")\n \nCompletion of Acquisition of HSBC Life (UK) Limited\n\n \n \nFurther to its announcement on 3 July 2025 (the \"Acquisition Announcement\"), Chesnara plc today announces the completion of the acquisition of HSBC Life (UK) Limited.\n \nFor the purposes of UKLR 7.3.3, Chesnara confirms that there has been no material change affecting any matter contained in the Acquisition Announcement.\n \nSteve Murray, Group Chief Executive Officer of Chesnara, commented: \"We are delighted to have completed the acquisition of HSBC Life UK, our fifteenth and largest acquisition to date, and to formally welcome its customers and colleagues to Chesnara. Bringing HSBC Life UK into Chesnara increases our scale in the UK market, supports long-term cash generation and, as previously announced, enhances the Group's dividend. We also remain optimistic about our ability to undertake further value-accretive acquisitions as opportunities arise, consistent with our strategy.\"\n \nFor further information, please contact:\n \nInvestor Enquiries\nSam Perowne\nHead of Strategic Development & Investor Relations\nChesnara plc\nE - [email protected]\n \nMedia Enquiries\nMisha Bayliss - +44 20 7427 5465\nOscar Burnett - +44 20 7427 5435\nTeneo\nE - [email protected]\n \n \n \nNotes to Editors\nChesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately 1.4 million policies and operates as Countrywide Assured and Chesnara Life in the UK, as Scildon in the Netherlands and as Movestic in Sweden.\n \nFollowing a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in the UK, Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.\n \nConsistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 20 years in succession.\n \nFu...