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Phoenix Group to buy Abbey Life from Deutsche Bank

By Michele Maatouk

Date: Wednesday 28 Sep 2016

(ShareCast News) - Phoenix Group has agreed to buy Abbey Life from Deutsche Bank subsidiary Deutsche Holdings for £935m in cash.
Phoenix said the deal, which is expected to generate about £0.5bn of aggregate cash flows between 2016 and 2020 and approximately £1.1bn from 2021 onwards, will add £10bn of assets...

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