Change in Control Approval

RNS Number : 3614K
Phoenix Group Holdings
24 June 2014
 



Phoenix Group Holdings announces that the Financial Conduct Authority has granted Change in Control approval for the divestment of Ignis Asset Management Limited to Standard Life Investments (Holdings) Limited

 

 

Phoenix Group Holdings, the UK's largest specialist closed life fund consolidator, today announces that the Financial Conduct Authority has granted Change in Control approval for the divestment of Ignis Asset Management Limited to Standard Life Investments (Holdings) Limited (the "Divestment").

 

No further regulatory approvals are required for the Divestment.  The Divestment is expected to complete on 1 July 2014.

 

Enquiries

 

Investors:

Sam Perowne, Head of Investor Relations, Phoenix Group

+44 (0) 20 3735 0021

 

Media:

Neil Bennett, Maitland

Peter Ogden, Maitland

+ 44 (0) 20 7379 5151

 

Notes

 

Phoenix is the UK's largest specialist consolidator of closed life funds with over 5 million policyholders as at 31 December 2013.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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