LONDON, June 24 (Reuters) – Sub-underwriters for Resolution’s (RSL.L) 2.75 billion purchase of AXA’s (AXAF.PA) British life insurance business will receive a commission fee of 1.75 percent, a person familiar with the matter said on Thursday.
Resolution said in a statement that leading shareholders had already underwritten 52 percent of the cash call, around 2 billion pounds, that will finance the acquisition.
The group is paying a total underwriting commission of 2.72 percent of the value of the new ordinary shares at the rights issue price.
(Reporting by Victoria Howley; Editing by David Cowell)
