Just Group plc shareholders have voted in favour of Brookfield Wealth Solutions’ (BWS) acquisition of the company, marking a step toward the completion of the recommended cash offer.
The vote took place at the Court Meeting and General Meetings held on September 19, 2025.
The agreement, first announced on 31 July 2025, will see BWS Holdings (BIDCO), a wholly owned subsidiary of BWS, acquire all issued and to be issued share capital of Just.
The transaction is structured as a court-sanctioned scheme of arrangement under Part 26 of the Companies Act.
Brookfield is set to pay 220 pence per share in cash, valuing Just Group’s equity at £2.4 billion ($3.2 billion)
Following the acquisition’s closure, Brookfield plans to merge Just Group with its existing UK insurance business, Blumont.
The combined entity will operate under the Just Group brand and will be led by its existing management team and based in London.
Sachin Shah, CEO of Brookfield Wealth Solutions, said: “We are pleased to receive the endorsement from Just shareholders. This milestone demonstrates overwhelming shareholder support for our ambitions to build on Just’s commitment to provide financial security to its policyholders and further invest in long-dated assets in sectors critical to the U.K. economy. Combined with our established North American operations, the acquisition will accelerate the growth of our organization on both sides of the Atlantic.”
The transaction, subject to customary closing conditions including regulatory approvals, is expected to close in the first half of 2026.
Upon closing, Just will join the BWS group of insurers, growing the group’s assets to approximately $180 billion.
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