Standard Life Reveals Appetite for Expansion; Overseas to Become Target for Takeovers in Medium Term

Summary

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SANDY Crombie, chief executive of Standard Life, will outline plans for significant expansion overseas by Europe's biggest mutual at a conference in London today.

The life and pensions giant intends to focus on preparations for demutualisation and on the UK market in the run-up to its anticipated stock market flotation in 2006. However, Crombie will underline its appetite for expansion in a number of markets, including France, in the medium term.

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Standard Life Reveals Appetite for Expansion; Overseas to Become Target for Takeovers in Medium Term

While organic growth is the preferred way forward for Standard, Crombie will tell an audience of insurance industry leaders that acquisitio...

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