Sun Life Assurance Company Of Canada entered into an agreement to acquire remaining 25% stake in PVI Sun Life Insurance Company Limited from PVI Holdings (HASTC:PVI) on August 29, 2016. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in fourth quarter of 2016. Post acquisition, Sun Life Assurance Company Of Canada will become the sole owner of PVI Sun Life Insurance Company Limited.