Mpac Group Secures £249m Pension Scheme ‘Buy In’ with Aviva

Mpac Group PLC ( (GB:MPAC) ) has shared an announcement.

Mpac Group PLC has announced a significant ‘buy in’ transaction with Aviva Life & Pensions UK Limited, securing a bulk annuity insurance policy worth £249 million for the Molins UK Pension Fund. This move eliminates primary investment, inflation, and longevity risks associated with the Scheme, while maintaining member benefits and not requiring additional contributions from Mpac. The transaction aligns with Mpac’s strategy to de-risk its UK pensions exposure, simplifying its balance sheet and enhancing shareholder value by removing funding risks linked to its defined benefit liabilities.

Spark’s Take on GB:MPAC Stock

According to Spark, TipRanks’ AI Analyst, GB:MPAC is a Neutral.

The overall score is primarily influenced by financial performance challenges, including declining free cash flow and increased leverage, compounded by technical indicators suggesting bearish momentum. Although corporate events are positive, they do not directly impact the score calculation.

To see Spark’s full report on GB:MPAC stock, click here.

More about Mpac Group PLC

Mpac Group PLC is a global leader in high-speed packaging and automation solutions, focusing on delivering innovative technologies to enhance operational efficiency across various industries.

Average Trading Volume: 117,243

Technical Sentiment Signal: Buy

Current Market Cap: £129.3M

For detailed information about MPAC stock, go to TipRanks’ Stock Analysis page.