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Evening Standard

Henry Saker-Clark

Legal & General to sell US protection arm for £1.8bn

LG United States Insurance Legal General London

Legal & General is to sell its US protection business (Tim Ireland/PA) - (PA Archive)

Legal & General has struck a deal to sell its US protection business to Meiji Yasuda for £1.8 billion.

The London-listed life insurance and pensions firm saw shares jump higher in early trading on Friday as a result.

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