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BMW in talks to offload UK pension liabilities: report

From Reuters| February 01 , 2010 09:58 BJT

German car maker BMW is in talks to offload 2.5 billion pounds ($4.07 billion) of longevity risks from its UK pension scheme, the Financial Times reported on Monday, citing unnamed sources.

The newspaper said a deal, which would shift part of the car maker's pension liabilities to specialist reinsurers, could be announced this month.

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