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.
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“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. “
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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.