Phoenix Group Holdings has noted recent media speculation regarding a possible acquisition of Abbey Life Assurance Company Ltd 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 company said in a statement.
-8.50p (-1.15%)delayed 12:41PM