Canada Pension Plan Investment Board is seeking to sell its Wilton Re and Ascot Group insurance platforms, marking a strategic U-turn in the face of intense competition, Reuters reported. CPPIB is preparing to launch the sale processes in 2022. The sale of Norwalk, Connecticut-based Wilton Re could be valued at more than $4 billion, plus debt. It is not clear what valuation Ascot could attain.
Source: Reuters
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