Phoenix Group Holdings Plc announces acquisition

  • Dec 06, 2019 GMT
  • Team Kalkine
  • The company proposes acquisition of ReAssure Group Plc
  • Total consideration is £2 billion
  • The transaction is expected to generate additional cash flows of £7 billion between 2020 and 2023
  • Cost and capital synergies are estimated at £800 million

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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