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
+44 (0) 20 3735 0021
Media:
Neil Bennett, Maitland
Tom Eckersley, Maitland
+ 44 (0) 20 7379 5151
