Lincoln adopts a series of measures to get out of trouble
The American insurer has taken a series of measures to steer itself out of trouble: cession of its Englishsubsidiary to Sun Life for the sum of 322 million USD, decrease of dividends granted to shareholders, cost-cutting measures. The company also tries to achieve a capital increase at 2.1 billion USD.
Lincoln is one of the six insurers to have benefited from a 2.5 billion USD bail-out plan supplied by the American administration.
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Fri, 18/02/2011 - 16:35
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