LONDON (dpa-AFX) - Friends Life Group Ltd. (FLG.L) and British life and health insurer Aviva Plc (AV.L, AV) announced that the European Commission approved Aviva's proposed about 5.6 billion pounds acquisition of Friends Life Group.
The Proposed Acquisition remains subject to the satisfaction or waiver (if capable of waiver) of the remaining Conditions set out in the scheme document in relation to the Scheme dated 19 January 2015.
In December 2014, Aviva agreed to buy smaller rival Friends Life Group for about 5.6 billion pounds.
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