Brookfield Steps Up UK Pensions Push With £2.4 Billion Just Deal

Brookfield Wealth Solutions agreed to buy UK insurer Just Group Plc in a move to grab a significant chunk of Britain’s booming pension risk-transfer market.

BWS, which was spun out of Brookfield Corp. in 2021, will pay 220 pence per share in cash for the London-listed company, according to a statement on Thursday. The price, which values Just Group’s equity at £2.4 billion ($3.2 billion), represents a 75% premium to its closing price on July 30.