SLA completes £3bn sale of Standard Life Assurance to Phoenix

Expanding strategic partnership

clock • 1 min read

Standard Life Aberdeen (SLA) has completed the sale of Standard Life Assurance to Phoenix Group, with both providers agreeing to "expand significantly their existing long-term strategic partnership".

The deal, which was announced earlier this year, includes a cash consideration of £2.28bn and a shareholding for SLA of approximately 19.98% in the enlarged Phoenix Group. As part of the deal, S...

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