Phoenix Group Holdings PLC — M&A Activity 2016

Sep 16, 2016

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RNS Number : 0348K

Phoenix Group Holdings

16 September 2016

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

Phoenix Group Holdings

16 September 2016

Phoenix Group Holdings Statement re. Press Comment

Phoenix Group Holdings ("Phoenix") notes recent media speculation regarding a possible acquisition of Abbey Life Assurance Company Ltd ("Abbey Life") and confirms that it is evaluating a potential transaction.

As stated at the time of the interim results on 25 August 2016, Phoenix continues to explore further acquisition opportunities in the UK closed life sector. In this context, Phoenix is in advanced discussions with Deutsche Bank in relation to a possible acquisition of Abbey Life. There can be no certainty that these discussions will lead to a transaction.  

The person responsible for arranging for the release of this announcement on behalf of Phoenix is Gerald Watson. 

Any further announcement will be made as and when appropriate.

Enquiries

Media:

Neil Bennett, Tom Eckersley, Maitland

+44 (0) 20 7379 5151

Investors/analysts:

Sam Perowne, Head of Investor Relations, Phoenix Group

+44 (0) 20 3735 0021

This information is provided by RNS

The company news service from the London Stock Exchange

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