The Phoenix Group reacts to sales speculation

Phoenix Group Holdings Plc, the UK long-term savings and retirement giant that owns Standard Life Assurance Ltd and ReAssure, sets the record clear.

Continue reading: The Phoenix Group, Standard Life Aberdeen, announces a simplification agreement

“The Phoenix Group Holdings Plc board of directors takes note of recent press speculation about the possible sale of its European businesses and confirms that a possible sale is currently being discussed,” Phoenix said in a statement.

“A sale of the European companies will only be considered if it maximizes value for shareholders. Talks are ongoing and there can be no assurance that a transaction will be agreed. “

Continue reading: Phoenix Group considers selling international activities – report

Dubbed the largest in Europe, the London-based life and annuity consolidator has operations in Ireland and Germany.

No further details like the other party were given in the current talks.

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