Phoenix confirms talks on potential acquisition of Abbey Life

Industry:    2016-09-19

Phoenix Group Holdings

* Notes recent media speculation regarding a possible acquisition of Abbey Life and confirms that it is evaluating a potential deal

* Phoenix continues to explore further acquisition opportunities in UK closed life sector

* There can be no certainty that these discussions will lead to a transaction.

* Phoenix is in advanced discussions with Deutsche Bank in relation to a possible acquisition of Abbey Life Source text for Eikon: Further company coverage: (Reporting by Maiya Keidan).

 


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