Rolls Royce sells UK pension fund to PIC in 4.3 billion pound deal | Reuters
The transaction follows PIC's announced acquisition by Athora, pending regulatory approval. The deal was first reported by Bloomberg News earlier this week. Aircraft engine maker Rolls-Royce sold its UK pension fund to Pension Insurance Corporation (PIC) in a 4.3 billion pound ($5.78 billion) deal, PIC said in a statement on Sunday.Aug 10 (Reuters) - Aircraft engine maker Rolls-Royce (RR.L), opens new tab sold its UK pension fund to Pension Insurance Corporation (PIC) in a 4.3 billion pound ($5.78 billion) deal, PIC said in a statement on Sunday.