Phoenix Group set to sell European business for £550m

Advanced discussions

clock • 1 min read
Phoenix Group to offload European business for £550m
Image:

Phoenix Group to offload European business for £550m

Phoenix Group has confirmed it is in “advanced discussions” over the sale of its European business in a deal thought to be worth £550m.

It confirmed the sale process after press speculation which revealed the provider was looking to sell its European arm to European Life Group Holding (ELG), a privately owned vehicle backed by the ...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Companies

Aviva completes Succession Wealth acquisition

Aviva completes Succession Wealth acquisition

Announced in March

Jenna Brown
clock 11 August 2022 • 1 min read
An interim ordinary dividend of 6.2 pence per share will be paid on 29 September.

M&G profits nearly halve despite return to inflows

Wholesale AM inflows return

James Baxter-Derrington
clock 11 August 2022 • 1 min read
A CII spokesperson said: "We are aware of an IT issue, which resulted in a couple of candidates being unable to access their CF6 Mortgage Advice exam for 15 minutes this morning."

Advisers face renewed CII exam tech issues

'Kicked out of the system'

clock 26 July 2022 • 2 min read