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Akzo Nobel N.V.

Akzo Nobel N.V.

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Publicatie datum 26 mrt 2014 - 08:00
Statutaire naam Akzo Nobel N.V.
Titel ICI Pension Fund Trustee agrees GBP 3.6 bn annuity buy-in
Bericht March 26, 2014 AkzoNobel announces today that the Trustee of the ICI Pension Fund in the UK has entered into two annuity buy-in agreements in line with their on-going strategy of de-risking which is supported by AkzoNobel. The two agreements are with Legal & General plc and Prudential Retirement Income Limited and cover, in aggregate, £3.6 billion (€4.3 billion) of pensioner liabilities, which is broadly equivalent to one quarter of the Company's pension liabilities and one third of the ICI Pension Fund liabilities.