Phoenix Group set to sell European business for £550m

Advanced discussions

clock • 1 min read
Phoenix Group to offload European business for £550m
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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 US-based...

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