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Standard Life Plc to acquire Ignis Asset Management Limited from Phoenix Group Holdings


Wednesday, 26 Mar 2014 03:00am EDT 

Standard Life Plc:Enters into an agreement with a subsidiary of Phoenix Group Holdings to acquire its asset management business, Ignis Asset Management Limited.Will pay 390 mln pounds for Ignis, including regulatory capital.The consideration will be settled in cash from Standard Life Group's existing internal resources.