Phoenix acquires Abbey Life for £935m

Carmen Reichman
clock • 2 min read

Closed book consolidator Phoenix is to acquire Abbey Life from Deutsche Bank for £935m.

The deal was announced to investors on 28 September. It will add £10bn of assets under management and about 735,000 policyholders to the six million strong group. Phoenix will fund the buyout th...

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Carmen Reichman
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