Regulatory Consent - AXA Business Acquisition

RNS Number : 7551M

Phoenix Group Holdings

17 October 2016

 

Phoenix Group Holdings announces that the Prudential Regulatory Authority and the Financial Conduct Authority have each consented to the acquisition of AXA Wealth's pensions and protection businesses

Further to the announcement of 27 May 2016, Phoenix Group Holdings today announces that the Prudential Regulatory Authority and the Financial Conduct Authority have each given their consent to the acquisition of AXA Wealth's pensions and protection businesses by Pearl Life Holdings Limited (the "Acquisition").

Completion of the Acquisition is expected to take place on 1 November 2016.

Enquiries

Investors:

Sam Perowne, Head of Investor Relations, Phoenix Group

[phone]

Media:

Neil Bennett, Maitland

Tom Eckersley, Matiland

+ 44 (0) 20 7379 5151

 

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