|Bid||0.00 x 30000|
|Ask||0.00 x 100000|
|Day's range||386.50 - 390.00|
|52-week range||288.75 - 419.75|
|PE ratio (TTM)||14.10|
|Earnings date||31 Aug 2017 - 4 Sep 2017|
|Dividend & yield||0.00 (0.00%)|
|1y target est||452.00|
British life insurance takeover specialist Chesnara Plc (LSE: CSN.L - news) said it would focus on acquisitions in Britain and the Netherlands but was open to opportunities in other regions. "The benefits (of entering new regions) would need to outweigh the challenge of adding another regulatory environment," Chairman Peter Mason said, as the firm announced a jump in first half pretax profit. The company, based in the English city of Preston (Other OTC: PSNP - news) , said in June it could move its headquarters to the Netherlands or Sweden depending on the regulatory situation after Britain leaves the European Union but said it had "no current intention to do so".
UK insurer Chesnara (LSE: CSN.L - news) said on Tuesday it could move its headquarters to the Netherlands or Sweden if required, depending on the regulatory situation after Britain leaves the European Union. “Chesnara already has two insurance companies in the Netherlands and one in Sweden so could move its headquarters to either of these locations, depending on the regulatory environment in post-Brexit," a Chesnara spokesman said in emailed comments, adding that "there is certainly no current intention to do so“.
** Insurance-focused takeover specialist Chesnara's shares up 6.8 pct, highest in over a month as co says to buy Legal & General's Dutch insurance business in a deal worth 160 mln euros ** Co says to fund ...
The London-listed owner of Countrywide Assured is in advanced talks to buy an overseas unit of Legal & General (LSE: LGEN.L - news) (L&G) in the latest example of European insurance industry consolidation. Sky News has learnt that Chesnara (LSE: CSN.L - news) , which has a market value of just over £400m, is expected to pay around £130m for L&G's Dutch operations. The division is understood to have been designated as non-core by L&G's board, and accounts for a small fraction of the FTSE-100 company's business.