LONDON (ShareCast) - (ShareCast News) - Chesnara said its acquisition of Legal & General Nederland Levensverzekering Maatschappij N.V. had completed.
Total consideration paid was €161.236m, comprising €160m plus interest for the period to completion of €1.236 million.

Chesnara's chief executive, John Deane, said he was delighted to welcome the customers and employees of Legal & General Nederland to Chesnara.

"As with our Swedish subsidiary Movestic, we will be writing protection and pension new business and this will complement our closed book consolidation business Waard," said Deane.

"We see great opportunities for both organisations within the Chesnara group to deliver value to our customers, their advisors and our shareholders."

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