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DB Deutsche Bank Aktiengesellschaft

16.90
0.00 (0.00%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Deutsche Bank Aktiengesellschaft NYSE:DB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 16.90 0 01:00:00

Phoenix Group Mulls Acquisition of Deutsche Bank's Abbey Life Assurance

16/09/2016 7:48am

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Deutsche Bank Aktiengese... (NYSE:DB)
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   By Razak Musah Baba 
 

LONDON--Phoenix Group Holdings (PHNX.LN) Friday confirmed it is evaluating a potential deal to buy London-based Abbey Life Assurance Company Ltd., as it responded to recent press speculation.

The specialist closed life and pension fund consolidator, said it is in advanced discussions with Deutsche Bank AG (DBK.XE) in relation to a possible acquisition of Abbey Life, but cautioned that there can be no certainty that these discussions will lead to a transaction.

Phoenix Group stated in its interim results last month that it continues to explore further acquisition opportunities in the U.K. closed life sector.

 

Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

 

(END) Dow Jones Newswires

September 16, 2016 02:33 ET (06:33 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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