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Just Group PLC on Thursday said it has accepted a £2.4 billion takeover from Bermuda-based wealth management firm, Brookfield Wealth Solutions Ltd. Under the proposal, shareholders in the London-based provider of retirement income products will receive 220 pence cash for each share held. On Thursday, shares in Just Group traded at 211.63p each in London, up 68% from Wednesday’s closing price. Just Group said it remained confident in its standalone strategy, market positioning and value creation potential but recognised the opportunity the ‘attractive share price premia offered’. Just Group Chair John Hastings-Bass said: ‘The Just Board is pleased to recommend the acquisition by BWS, which delivers certain value for shareholders at an attractive cash premium. The acquisition reflects the strength of Just’s business and the significant financial and strategic progress the Just management team, led by David Richardson, has delivered in recent years.’ BWS owns and operates a leading wealth solutions business and, as of June 30, has invested over $12 billion of balance sheet capital into its insurance business and has over $140 billion of total assets. While BWS currently operates primarily in North America, it recently announced the launch of its UK insurance operations through its wholly owned subsidiary, Blumont Annuity Co UK Ltd. BWS intends for Blumont and Just to operate as a single, consolidated insurance group under the Just brand. The deal is expected to complete during the first half of 2026. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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