Business
Completion of Ignis Divestment
Completion of Ignis Divestment.
About this update from Standard Life Plc
[{"type":"text","content":"\n \nRNS Number : 9968K Phoenix Group Holdings 01 July 2014 \n \n\nPhoenix Group Holdings announces the completion of the divestment of Ignis Asset Management Limited to Standard Life Investments (Holdings) Limited\n \n \nPhoenix Group Holdings, the UK's largest specialist closed life fund consolidator, confirms that the divestment of Ignis Asset Management Limited to Standard Life Investments (Holdings) Limited completed today.\n \nThe cash consideration received was £390 million (subject to adjustment), of which £250 million will be applied as a prepayment of the Impala debt facility.\n \nEnquiries\n \nInvestors: \nSam Perowne, Head of Investor Relations, Phoenix Group \n+44 (0) 20 3735 0021\n \nMedia:\nNeil Bennett, Maitland\nPeter Ogden, Maitland \n+ 44 (0) 20 7379 5151\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRDMGFVMGLGDZZ\n ","length":1932,"tagName":"div"}]