Enhanced annuity provider and supplier of equity release products, Just Retirement, has confirmed that there are interested parties involved in discussions about taking over the company. They have made a statement to the London Stock Exchange confirming this, saying it has received expressions of interest which could ultimately result in an offer for the Company.
On 7 November, Just Retirement, which is 52 % owned by venture-capital group Langholm, had 294,703,278 ordinary shares of 0.1 pence each in issue.
The group’s recently announced new business figures revealed it had generated pension annuity sales of £150.4m, up 5 % against the previous quarter and broadly flat against the comparable period of the previous year’s figures.
In a fast developing market for annuities it will be interesting to see how this story unfolds.