(MENAFN) British life insurance and pensions group Standard Life has announced its plan of purchasing Phoenix Group Holdings" Ignis Asset Management, according to the Peninsula Qatar
Standard Life is expected to buy Ignis for USD660 million as the latter manages fixed income, equity and real estate assets of around USD110.44 billion
Standard Life said: "Discussions are ongoing and there can be no certainty that any transaction will be agreed. Standard Life Plc will make further announcements if and when appropriate.
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