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Phoenix Group Holdings (PHNX.L)

PHNX.L on London Stock Exchange

815.00GBp
23 Feb 2018
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Fri, Feb 23 2018

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Britain's Standard Life Aberdeen sells insurance unit to Phoenix

LONDON Standard Life Aberdeen (SLA) has agreed to sell the bulk of its insurance business to Phoenix Group for 3.24 billion pounds ($4.5 billion), allowing it to focus on savings and investment products.

Phoenix Group to raise 950 mln stg to fund Standard Life Aberdeen deal

Feb 23 Phoenix Group on Friday said it would raise 950 million pounds ($1.32 billion) in a rights issue to finance the acquisition of Standard Life Aberdeen's European life insurance business for 2.93 billion pounds.

Standard Life Aberdeen sells insurance unit to Phoenix for 3.24 bln stg

LONDON, Feb 23 Standard Life Aberdeen said on Friday it would sell an insurance division to Phoenix Group for 3.24 billion pounds ($4.51 billion), as it posted 2017 pretax profit of 1 billion pounds. "This transaction completes our transformation to a capital light investment business," Chairman Gerry Grimstone said in a statement, published alongside the company's first set of annual results since it formed last year through the 11 billion pound merger of two Scottish rivals.

BRIEF-Standard Life Aberdeen sells insurance unit to Phoenix for 3.2 bln stg

* ‍SALE OF INSURANCE BUSINESS AND ENHANCED LONG-TERM STRATEGIC PARTNERSHIP WITH PHOENIX GROUP​

BRIEF-Phoenix To Buy Standard Life Aberdeen's UK, Europe Life Insurance Business

* PROPOSED ACQUISITION OF STANDARD LIFE ASSURANCE AND REINFORCED STRATEGIC PARTNERSHIP WITH STANDARD LIFE ABERDEEN PLC

Phoenix in talks over $4 billion purchase of Standard Life Aberdeen unit: source

LONDON Britain's Phoenix Group Holdings is in talks to buy Standard Life Aberdeen's insurance business for about 3 billion pounds ($4.2 billion), a source with direct knowledge of the matter said on Thursday.

UPDATE 1-Phoenix in talks over $4 bln purchase of Standard Life Aberdeen unit - source

LONDON, Feb 22 Britain's Phoenix Group Holdings is in talks to buy Standard Life Aberdeen's insurance business for about 3 billion pounds ($4.2 billion), a source with direct knowledge of the matter said on Thursday.

BRIEF-Phoenix Group Says Central Management And Control, And Head Office Will Move From Jersey To United Kingdom

* WITH EFFECT FROM 31 JANUARY 2018 CENTRAL MANAGEMENT AND CONTROL, AND HEAD OFFICE, OF PGH WILL MOVE FROM JERSEY TO UNITED KINGDOM

UAE-based Phoenix Group raises $205 mln loan

DUBAI, Nov 29 Phoenix Group, a Dubai-based agricultural and food company, has secured a $205 million borrowing base loan, it said in a statement.

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