MLC wont exercise option for Professional Investment Service

/, Insurance News, Life Insurance/MLC wont exercise option for Professional Investment Service

Life Insurer MLC has annouced it will not take up an option to purchase 23% of  financial planning and risk insurance group Professional Investment Service, the options was part of the NAB’s purchase of insurer Aviva .

“MLC will not exercise its option to acquire a minority stake in PIH,” said Richard Nunn, an executive general manager of MLC

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