The DELA cooperative has decided not to take over the Yarden Uitvaartorganisation. DELA announced on Tuesday that the financial situation at the industry peer has become too uncertain.
The immediate reason for DELA’s step is a court ruling earlier this month. This put an end to Yarden’s plan to simplify the policies of 390,000 customers. That should have improved the financial position of the funeral insurance company.
Now that that is not going to happen, DELA is pulling the plug on the acquisition. The non-profit cooperative says that in this way it puts the interests of the members first.
Incidentally, it was also not yet certain whether the Authority for Consumers & Markets (ACM) would have given permission for the takeover.
*The article has been translated based on the content of Source link by https://www.nu.nl/economie/6080531/dela-trekt-handen-af-van-overnameprooi-yarden.html
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