June 27 (Reuters) - Luxembourg-based investment vehicle

Reinet Investments said on Friday it was in talks for

the potential disposal of its nearly 50% interest in UK insurer

Pension Insurance Corporation (PIC).

The firm did not provide details on the talks or who they

were being held with.

Sky News reported last week that European savings and

retirement services group Athora was in talks to buy PIC in a

deal that could value it at up to 5 billion pounds ($6.86

billion)

Athora is backed by Apollo Global Management ( APO ).

PIC is owned by a consortium of shareholders including

private equity firm CVC Capital Partners.

($1 = 0.7289 pounds)