WebMay 7, 2024 · Phoenix in advanced talks to buy Abbey Life. UK life insurer to acquire Deutsche Bank unit. Save. Wednesday, 4 May, 2016. European companies. Axa sells Elevate business to Standard Life. WebSep 28, 2016 · Deutsche Bank has sold Abbey Life Assurance Company to Phoenix Life Holdings. Phoenix will acquire 100% of the Abbey Life business for £935 million. The closed book pension provider will raise £735 million through a rights issue, and the remaining £200 million will come in the form of a loan.
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Deutsche Bank Sells Abbey Life Unit to Phoenix for $1.2 Billion
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