Deutsche Bank says to sell UK insurer Abbey Life for 1.1 bn euros
Date
9/28/2016 4:01:38 AM
(MENAFN- AFP) Deutsche bank has agreed to sell its British insurance company Abbey Life to life insurer Phoenix Group for 1.1 billion euros, the troubled German lender announced on Wednesday.
Regulators including the UK's Prudential Regulatory Authority must still agree to the 935-million-pound sale, the bank said.
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