Regulatory Consent - Abbey Life Acquisition

RNS Number : 7468R

Phoenix Group Holdings

13 December 2016

 

REGULATORY APPROVAL - ABBEY LIFE Acquisition

Phoenix Group Holdings

13 December 2016

Phoenix Group Holdings announces that the Prudential Regulation Authority has consented to the acquisition of Abbey Life Assurance Company Limited

Phoenix Group Holdings today announces that the Prudential Regulation Authority has given its consent to the acquisition of Abbey Life Assurance Company Limited ("ALAC").

Completion of the acquisition of ALAC, Abbey Life Trustee Services Limited and Abbey Life Trust Securities Limited from Deutsche Holdings No. 4 Ltd., a wholly owned subsidiary of Deutsche Bank AG, is expected to take place on 30 December 2016.

Enquiries

Investors:

Sam Perowne, Head of Investor Relations, Phoenix Group

[phone]

Media:

Neil Bennett, Maitland

Tom Eckersley, Maitland

+ 44 (0) 20 7379 5151

 

END

 

 

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