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HSBA Hsbc Holdings Plc

705.50
0.50 (0.07%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hsbc Holdings Plc LSE:HSBA London Ordinary Share GB0005405286 ORD $0.50 (UK REG)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.07% 705.50 707.00 707.20 714.40 705.00 706.50 16,832,512 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-bank Holding Company 65.91B 23.53B 1.2338 22.85 537.71B

Phoenix Group Holdings Raises GBP193.9 Million for AXA's UK Pensions and Protection Businesses

27/05/2016 3:32pm

Dow Jones News


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LONDON--Phoenix Group Holdings (PHNX.LN) Friday said it has raised 193.9 million pounds ($281.1 million) before expenses via a share placing to pay for the acquisition of AXA's SA (CS.FR) investment, pensions and direct protection businesses in the U.K.

The insurer said HSBC Bank PLC (HSBC) and J.P. Morgan Securities PLC (JPMF-XX) have placed 22.5 million new ordinary shares in the company at a price of 860 pence a share, a 1.2% premium to its closing price of 849.50 pence Thursday.

Earlier on Friday, AXA said it has agreed to sell the U.K. business to Phoenix Group, as part of its strategy to exit some parts of Europe and invest in faster growing markets.

Phoenix Group shares at 1400 GMT up 20.50 pence, or 2.4%, at 867.50 pence valuing the company at GBP1.95 billion.

 

Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

 

(END) Dow Jones Newswires

May 27, 2016 10:17 ET (14:17 GMT)

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

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