UIL Limited proposes to sell entire shareholding in Somers Limited
LONDON: The Board of UIL Limited has proposed to enter into agreements to sell all of its shares in Somers Limited (Somers). UIL, an exempted closed-end Bermuda incorporated investment company, is planning to enter into an agreement with General Provincial Life Pension Fund Limited (GPLPF) to sell Somers shares held by UIL to GPLPF in…