Phoenix Group looks to acquire rival ReAssure for £3.2bn

Hope William-Smith
clock • 3 min read

Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.

This would see the newly minted FTSE 100 constituent reach total assets under administration of £329bn and confirm it as Europe's largest pensions consolidator. The agreement as it stands would ...

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