Challenger gets court approval on Metlife transaction
Challenger has finally completed the transaction that sees it acquire Metlife’s annuity, allocated pension and personal superannuation liabilities.
Challenger issued an announcement on the Australian Stock Exchange this morning that it had received Federal Court approval for the transfer of the liabilities associated with the Metlife products.
It said the transfer would occur at the close of business on August 31.
The transaction flows from an agreement reached between the two companies in February.
AUTHOR
Mike Taylor
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