November 25, 2017

Two private pension funds are negotiating a sale

Mircea Oancea, chairman of the Private Pension System Supervisory Commission (CSSPP) stated that one or two private pension fund administrators are currently negotiating a potential sale. He further stated that “Strategies across the system have been modified and a lot of players want to consolidate their positions,” adding that the transactions were still a work in progress, as there are a lot of players involved. The CSSPP chair stated that they already had to tackle a situation in which a major foreign fund, AIG Life, was faced with problems. They had no difficulties in selling it.

Source: Nine o’clock (read more)

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