Sagicor Group Jamaica Limited (SJ) has advised that Sagicor Financial Corporation Limited, which has a 49.11% interest in SJ, intends to enter into two significant transactions which will result in:
- The acquisition of all shares in Scotia Jamaica Life Insurance Company Limited; and
- The acquisition all of its shares by Alignvest Acquisition II Corporation pursuant to a plan of arrangement whereby the surviving entity will continue the Sagicor brand and be publicly-listed on the Toronto Stock Exchange.
The transactions are subject to regulatory approval and customary closing conditions.
