Bullboard - Stock Discussion Forum Great-West Lifeco Inc T.GWO

Alternate Symbol(s): GWLIF | T.GWO.PR.G | GWLPF | GRWTF | T.GWO.PR.I | T.GWO.PR.L | GRWLF | T.GWO.PR.H | T.GWO.PR.M | T.GWO.PR.N | T.GWO.PR.P | T.GWO.PR.Q | T.GWO.PR.R | T.GWO.PR.S | T.GWO.PR.T | T.GWO.PR.Y

Financial Services Insurance - Diversified

Great-West Lifeco Inc. is an international financial services holding company. The Company has interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Its segments include Canada, United States, Europe, and Capital and Risk Solutions. It operates in Canada, the United States and Europe under the brands Canada Life, Empower,... see more

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TSX:GWO - Post Discussion

Great-West Lifeco Inc > closes transaction establishing strategic relationship

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Post by Betteryear2 on Nov 19, 2021 4:02pm

closes transaction establishing strategic relationship

WINNIPEG, MB, Nov. 19, 2021 /CNW/ - Great-West Lifeco Inc. ("Lifeco") today announced it has completed the previously announced sale of its Colorado-based subsidiaries, EverWest Real Estate Investors, LLC and EverWest Advisors, LLC ("EverWest"), to Sagard Holdings Inc. ("Sagard").

As part of the transaction, Lifeco has made a capital commitment of approximately US$500 million into certain Sagard strategies. In addition, Lifeco has committed to investing a further approximately US$2 billion in real estate related investments to support EverWest's future growth within Sagard. In exchange, Lifeco will acquire a minority stake in Sagard Holdings Management Inc., a subsidiary of Sagard.

For more information about this transaction, please refer to the news release dated October 6, 2021.

https://www.newswire.ca/en/releases/archive/November2021/19/c7501.html

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