SLA completes £3bn sale of Standard Life Assurance to Phoenix
Expanding strategic partnership
Standard Life Aberdeen (SLA) has completed the sale of Standard Life Assurance to Phoenix Group, with both providers agreeing to "expand significantly their existing long-term strategic partnership".
The deal, which was announced earlier this year, includes a cash consideration of £2.28bn and a shareholding for SLA of approximately 19.98% in the enlarged Phoenix Group. As part of the deal, Standard...
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