Business
Great-West Lifeco subsidiary Irish Life completes acquisition of strategic holding in Invesco Ltd (Ireland)
Great-West Lifeco subsidiary Irish Life completes acquisition of strategic holding in Inve...
About this update from Great-west Lifeco Inc.
[{"type":"text","content":"\n\n\n\nGreat-West Lifeco subsidiary Irish Life completes acquisition of strategic holding in Invesco Ltd (Ireland)\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWINNIPEG, Aug. 9, 2018\n\n\n\nTSX:GWO\n\nAdvances Irish Life's position as the leading provider of life insurance, pensions and investments\n\n\n\nWINNIPEG, Aug. 9, 2018 /CNW/ - Great-West Lifeco Inc. today announced that its Irish subsidiary, Irish Life Group Limited, has completed the previously-announced acquisition of a strategic holding in Invesco Ltd (Ireland), Ireland's largest Irish-owned independent financial consultancy. Terms of the transaction were not disclosed.\n\n\"Irish Life is the leading provider of life insurance, pensions and investments in Ireland and we are pleased to extend our position further with this strategic investment in Invesco,\" said Paul Mahon, President and Chief Executive Officer, Great-West Lifeco.\n\nThe transaction is expected to be earnings accretive, although not material to Great-West Lifeco's financial results.\n\nAbout Invesco Ltd (Ireland)Established in 1991, Invesco is Ireland's leading Irish-owned independent financial consultancy. With over 27 years' experience in advising corporates and individuals, Invesco's mission is to protect the future financial security of its clients.\n\nAbout Irish Life Group LimitedIrish Life is one of Ireland's leading financial services companies with over 1.3 million customers. For over 75 years, Irish Life has been helping people in Ireland look after their life insurance, pension and investment needs and more recently, health insurance.\n\nAbout Great-West Lifeco Inc. Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Great-West Lifeco has operations in Canada, the United States and Europe through Great-West Life, London Life, Canada Life, Irish Life, Great-West Financial and Putnam Investments. Great-West Lifeco and its compan...