Abu Dhabi Investment Authority acquires stake in pensions firm | ZAWYA MENA Edition:
"The Abu Dhabi Investment Authority (ADIA) said on Tuesday its private equity department would acquire a stake of up to 21.4 percent in Pension Insurance Corporation Group from funds advised by private equity firm J.C. Flowers & Co. Hamad Shahwan Aldhaheri, executive director of ADIA's private equity department said the investment, subject to regulatory approvals, demonstrates the department's ongoing strategy to seek out "principal investments in market-leading businesses". PIC Group has become one of the world's biggest investors in bulk annuities, which cover the pension obligations of defined benefit, or final salary, pension schemes for staff."
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