Chesnara PLC Acquisition of Scottish Widows Europe SA Transcript

Feb 17, 2026 / 08:30AM GMT

Release Date Price: £3.26 (+5.17%)

Transcript

Operator

Welcome to the Chesnara Investor presentation on the acquisition of Scottish Widows Europe. With that, I would now like to hand you over to CEO, Steve Murray.

Steve Murray

Chesnara PLC - Group Chief Executive Officer, Executive Director

Thanks, [Sergey], and good morning, everyone. Thanks for joining this Chesnara conference call. So I'm Steve Murray, Group CEO; and with me is Tom Howard, our group CFO. Earlier today, we announced the proposed acquisition of Scottish Widows Europe from Lloyds Banking Group. This is another important transaction for the group and our second material deal in the last 12 months following the HSBC Life (UK) acquisition, which completed in January. This deal further demonstrates the significant momentum within our M&A strategy.

So what will we cover on the call? Well, I'll start with the highlights of the deal before Tom provides an overview of the Scottish Widows Europe business and further detail on the financials. I'll then finish with an overview of the Luxembourg market and a summary of the key elements of the

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