Business
Regulatory Approval
Chesnara plc has received UK regulatory approval for its proposed acquisition of HSBC Life (UK) Limited, originally announced on July 3, 2025, for £260 million. The company anticipates completing this transaction by the end of January 2026, marking a significant step in its consolidation strategy. 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\n12 December 2025\n \nCHESNARA plc\n(\"Chesnara\" or \"the Company\")\n \nRegulatory Approval for Acquisition of HSBC Life (UK) Limited\n\n \n \nChesnara plc (\"Chesnara\") announced on 3 July 2025 the proposed acquisition of HSBC Life (UK) Limited for £260 million.\n \nChesnara is pleased to announce that the proposed acquisition has received UK regulatory approval and work will now progress with a view to completing the transaction at the end of January 2026.\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 just under one million policies and operates as Countrywide Assured 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 \nFurther details are available on the Company's website (www.chesnara.co.uk).\n \n \n \n\n","length":4994,"tagName":"div"}]