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Britannic Group buys life operations of Allianz Cornhill Insurance

Britannic Group has bought the life operations of Allianz Cornhill Insurance.

Britannic completed the purchase of the subsidiary on December 31, 2004, on terms agreed at the start of initial negotiations.

Britannic paid 93m as an initial consideration, and a final undisclosed sum will be paid once a completion valuation has been undertaken.

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