RNS Number : 9968K
Phoenix Group Holdings
01 July 2014
Phoenix Group Holdings announces the completion of the divestment of Ignis Asset Management Limited to Standard Life Investments (Holdings) Limited
Phoenix 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.
The cash consideration received was £390 million (subject to adjustment), of which £250 million will be applied as a prepayment of the Impala debt facility.
Enquiries
Investors:
Sam Perowne, Head of Investor Relations, Phoenix Group
+44 (0) 20 3735 0021
Media:
Neil Bennett, Maitland
Peter Ogden, Maitland
+ 44 (0) 20 7379 5151
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