Phoenix Group in 'advanced discussions' to sell European business

Mark Battersby
clock • 1 min read

Phoenix Group is in "advanced discussions in respect of a potential sale", it confirmed in a stock market statement this morning (18 May) at 7am. Noting press speculation on the sale, the international life consolidator added a sale of the European businesses will only be considered if it maximises value for shareholders. "Discussions are on-going and there can be no certainty that any transaction will be agreed." It's response followed a story in Sky News and picked up across the media revealing that the London-listed life group was closing in on a deal to sell its European operat...

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