Phoenix Group Holdings £3.24 billion acquisition of Standard Life Assurance

23/2/2018
Private acquisition

£ 3.24 billion

$ 4.530 billion

Announced

23/2/2018


Overview:

  • Phoenix Group Holdings has acquired Standard Life Assurance for £3.24 billion from Standard Life Aberdeen.
  • The deal will be made up of £2.3 billion in cash, shares constituting a 19.9% stake in Phoenix and £300 million paid to Standard Life Aberdeen.
  • The deal is part of Standard Life's strategy of exiting the insurance sector, according to Reuters.

Sam Duke

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