Sun Life picks up 80% of InfraRed
Canadian insurer Sun Life Financial has acquired an 80% stake in London-headquartered infrastructure and real estate manager InfraRed Capital Partners.
According to the Financial Times, the deal had been delayed due to uncertainty caused by the UK general election.
Sun Life paid £300m for its stake in the $12bn manager. InfraRed generated an operating profit of £21.5m in 2018.
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