Cisenara said on Thursday that she agreed to obtain HSBC Life (UK) Limited from HSBC for 260 million pounds in the largest treatment so far, which expands its scope in the UK’s life and pensions.
The deal will add approximately 4 billion pounds of assets under the administration and about 4,54,000 policies to the Cisonara portfolio.
It is expected to be completed in early 2026, taking into account organizational approvals.
This deal will be funded by a group of 55 million pounds of internal cash, withdrawal of 65 million pounds from facilitating a modified roundabout, and issuing comprehensive rights of 140 million pounds.
Chesnara expects more than 800 million pounds in generating lifelong cash from HSBC Life (UK), including 140 million pounds in the first five years that followed.
The company also expects a 6 % increase in FY25 final and temporary FY26 distributions as a result of acquisition.
“The suggestion of HSBC Life (UK) is a wide -scale material step for the Chisenara Group,” said Cheesnara CEO, CEO of Chesnara. “It is also another example of a major financial institution that chooses to work with us, which enhances our reputation as a uniform for life and pensions.”
Cisenara said the deal enhances its strategy in integration and purchases, provides capital and operational synergy, and puts the group for its potential insertion in the FTSE 250 index.