Phoenix Group confirms in talks to buy rival Guardian Financial

September 17, 2015 6:28 AM

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Sept 17 Phoenix Group Holdings, Britain's largest consolidator of closed life funds, confirmed on Thursday that it was in non-exclusive talks to buy rival Guardian Financial Services.

The company, confirming media reports from a day earlier, said it was evaluating Guardian Financial as part of its plan to explore consolidation opportunities in the UK closed life sector, but did not disclose any details.

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