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British Airways: the air carrier insures its pension funds

£ 4.4 billion agreement that reduces financial risks

British Airways and Legal & General, yesterday, signed an agreement to secure the carrier's historical pension liabilities of 4.4 billion pounds (4.94 billion euros), in what is the largest transaction in the history of the sector in the United Kingdom. This agreement will affect about 24,000 pensioners, in a total asset worth just over 8 billion pounds.A necessary agreement since one of the various...

M/A - 1214283

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