Insurer Phoenix Group today confirmed it’s in talks about a possible takeover of Cinven-owned Guardian Financial Services.
“Phoenix has been evaluating Guardian Financial Services as part of an on-going sale process for the Guardian Financial Services business,” it said in a statement to the London Stock Exchange today.
“Discussions remain on a non-exclusive basis. There can be no certainty that these discussions will lead to any transaction.” Read more at City A.M.