

Athora, an insurance company backed by Apollo Global Management, is plotting a multibillion-pound takeover of Pension Insurance Corporation (PIC) worth £4-5bn.
According to Sky News, details regarding the potential acquisition, such as the final price and the structure of the deal, are still uncertain.
Apollo's interest in PIC is not new, as it had already considered a bid for the company earlier in 2023, a process that attracted attention from other investment firms including Carlyle and KKR.
Representatives for Apollo and PIC have not provided comment on the reported acquisition talks.