Arthur Cox Aids Insurer Great-West In $1.72B Irish Life Deal

Law360, New York (February 19, 2013, 12:27 PM EST) -- Canadian insurance giant Great-West Life Co. has inked a deal with the Irish government to buy Ireland’s largest life and pensions group, Irish Life Group Ltd., for CA$1.75 billion ($1.72 billion), the companies said Tuesday.

Great-West will carry out the acquisition through its Canada Life Ltd. unit in a deal that will fold in Canada Life’s pensions and life operation under the Irish Life banner, Great-West said.

The Irish finance ministry lauded the move as a welcome investment in the Irish economy, saying the state and...
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