LONDON (dpa-AFX) - Responding to media speculation regarding a possible acquisition of Guardian Financial Services, Phoenix Group Holdings (PHNX.L) said that it has been evaluating Guardian Financial Services as part of an on-going sale process for the Guardian Financial Services business. Discussions remain on a non-exclusive basis. There can be no certainty that these discussions will lead to any transaction.
As stated at the time of the 2015 Interim results on 20 August 2015, Phoenix believes there are a number of potential acquisition and consolidation opportunities in the UK closed life sector and has been reviewing those options within the framework of its existing commitment to stakeholders. Having secured an investment grade rating earlier this year, the Group is well positioned to take advantage of the consolidation opportunities in its sector.
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