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Statement Regarding Press Speculation

24th Nov 2020 07:00

RNS Number : 2468G
Phoenix Group Holdings PLC
24 November 2020
 

Phoenix Group Holdings PLC

 

24 November 2020

 

STATEMENT REGARDING PRESS SPECULATION

 

Phoenix Group Holdings Plc ("Phoenix") notes the recent press speculation regarding the potential sale of its European businesses ("Phoenix Europe").

 

Phoenix Europe is an established participant in the European life insurance market, with operations across Ireland, Germany and the UK offshore savings market, and offers strategic optionality to develop Phoenix's proven M&A consolidation and growth strategy internationally.

 

In light of recent expressions of interest from third parties for the European business, Phoenix confirms that it is assessing a range of strategic options to maximise value for shareholders.

 

At this point there can be no certainty that a transaction will be achieved. A further announcement will be made in due course if appropriate.

 

 

 

 

For further information please contact:

 

Claire Hawkins, Head of Investor Relations, [email protected]

 

Shellie Wells, Head of Corporate Communications, [email protected]

 

Douglas Campbell, Teneo (PR Adviser), [email protected]

 

LEI: 2138001P49OLAEU33T68

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