According to Dow Jones, Friends Provident said Monday it has taken the decision to retain its 100% ownership of Pantheon Financial to avoid disruption of Pantheon Financial's business due to ongoing speculation on changes of ownership in the near future.
Despite a number of positive expressions of interest Friends Provident believes it will not be possible in the short term to achieve a sale price that will realise suitable value for shareholders.
Therefore it has taken the decision to retain Pantheon Financial.
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