BMW in talks to offload UK pension liabilities -FT

Newswire

LONDON, Feb 1 (Reuters) - German car maker BMW is in talks to offload 2.5 billion pounds ($4.07 billion) of longevity risks from its UK pension scheme, the Financial Times reported on Monday, citing unnamed sources. The newspaper said a deal, which would shift part of the car maker's pension liabilities to specialist reinsurers, could be announced this month. ($1=0.6147 Pound) (Reporting by Susan Fenton; Editing by Bernard Orr)

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