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Phoenix lines up GBP1.2bn facility to back ReAssure purchase

Phoenix lines up GBP1.2bn facility to back ReAssure purchase

18 Feb 2020

UK life insurance group Phoenix has lined up a GBP1.2bn underwritten hybrid facility to back the GBP3.2bn cash and share acquisition of peer ReAssure from Swiss Re and minority partner Japanese insurer MS&AD.

The financing is expected to be

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Phoenix lines up GBP1.2bn facility to back ReAssure purchase

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