Phoenix to raise £735m to finance Abbey Life takeover

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Equity
Follow-ons and Rights issues

Phoenix to raise £735m to finance Abbey Life takeover

Aidan Gregory
September 28, 2016 02:00 pm

Phoenix Group Holdings, the UK life insurer and asset manager, will carry out a £735m rights issue to partly finance its takeover of Abbey Life, which it announced on Wednesday morning, causing its share price to rise by 3.6%.

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JP MorganMorgan StanleyNatixisEquityCommerzbankUKEuropeFollow-ons and Rights issuesEMEAHSBC
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