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)
Premium Content (PAID Subscription Required)
"BMW in talks to offload UK pension liabilities -FT" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.