Utmost wins raft of regulatory approvals to complete Quilter Int'l deal within weeks

Mark Battersby
clock • 1 min read

Utmost Group is to complete the acquisition of Quilter International at the end of this month, on 30 November 2021, after receiving all the necessary regulatory approvals. In the update statement on Friday 12 November, Utmost said the deal will add around £23bn of assets under administration and 90,000 policyholders to the Group, taking total assets under administration to £61bn and total policyholders to 580,000. The total consideration payable to Quilter plc will be £481m reflecting interest at 5% pa on the base consideration of £460m from 31 December 2020 to the date of completion...

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