BRIEF-Sun Life Financial to buy FWD Hong Kong's pension business

Wed Aug 3, 2016 6:53am EDT
 
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Aug 3 (Reuters) - Sun Life Financial Inc

* Sun life financial to acquire pension business of fwd hong kong and enter into 15-year pension distribution agreement

* Sun life financial to acquire pension business of fwd hong kong and enter into 15-year pension distribution agreement

* Transactions are expected to be completed in stages over course of 2017 and 2018

* Acquisitions will add hk$4.6 billion (c$769 million) in mpf aum, and bring sun life hk's combined aum to hk$34.7 billion (c$5.8 billion).

* Financial terms of transactions were not disclosed. Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-223-8780)