February 21, 2019 / 8:42 PM / 6 months ago

Pearson enters into £500 million pension insurance deal with L&G - Sky News

FILE PHOTO: The company logo is displayed outside the Pearson offices in London, Britain August 4, 2017. REUTERS/Neil Hall

(Reuters) - British education company Pearson Plc has entered into a 500 million pounds pension insurance deal with Legal & General Group Plc, Sky News reported on Thursday.

Pearson will reveal the buy-in deal with L&G on Friday, the report said.

Pearson declined to comment. L&G did not respond to a request for comment outside regular working hours.

Reporting by Kanishka Singh in Bengaluru

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