Marconi trustees concerned over Telent takeover

Moves by a wholly-owned subsidiary of bulk purchase annuity provider, Pensions Corporation, to acquire telecommunications group, Telent, has met with scepticism from the company's trustee board, with a source close to the board expressing fears over a potential weakening of the scheme's covenant if the deal goes through.

Pensions Corporation's Guernsey registered subsidiary, Co-Invest No 5, has acquired a 29.38% stake in Telent - a hair's breadth from the 30% mandatory offer threshold - a stake

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here