Athene Holding CEO Jim Belardi said that the approval is a transformative event for the company.
"We intend to continue our close working relationship with the IID as we complete this acquisition and integrate the two companies," Belardi added.
The $1.55bn acquisition, which is expected to be completed in the fourth quarter of 2013, was first revealed in December 2012.
Athene Holding, which is owned by several large institutional investors, is a provider of products in the retirement savings market. As at 30 June 2012, the company had assets of $14.8bn and shareholder’s equity of $1.9bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData