Just Group shareholders back BWS acquisition

Written by Adam Cadle

22/09/2025

Just Group shareholders have voted in favor of Brookfield Wealth Solutions’ (BWS) acquisition of the company, in what has been hailed as a key milestone for the acquisition.

BWS previously announced plans to acquire Just Group for 220 pence per share in cash, with Chancellor, Rachel Reeves, highlighting the news as a demonstration of the "strong faith" in the UK economy.

The offer of 220 pence per share in cash marks a 60% premium to the 3-month volume-weighted average share price and is 29% higher than the historical high of Just Group’s shares.

An update from BWS has since confirmed that Just Group plc shareholders voted in favor of the acquisition of the company at the Court Meeting and General Meetings held on 19 September 2025.

The transaction is now expected to close in the first half of 2026, subject to customary closing conditions including regulatory approvals.

Upon closing, Just will join the BWS group of insurers, with BWS previously confirming that it intends for Just and its recently launched UK insurance company, Blumont, to operate as a single consolidated insurance group under Just’s brand.

BWS CEO, Sachin Shah, said: “We are pleased to receive the endorsement from Just shareholders.

"This milestone demonstrates overwhelming shareholder support for our ambitions to build on Just’s commitment to provide financial security to its policyholders and further invest in long-dated assets in sectors critical to the UK economy.

"Combined with our established North American operations, the acquisition will accelerate the growth of our organisation on both sides of the Atlantic."

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