September 4, 2018 / 1:31 PM / 3 months ago

Standard Life Aberdeen triples stake in Phoenix Group

Sept 4 (Reuters) - Britain’s Standard Life Aberdeen (SLA) raised its stake in Phoenix Group to almost 27 percent, a filing showed on Tuesday, months after SLA sold the bulk of its insurance business to Phoenix.

SLA, Phoenix’s largest shareholder, raised its stake in the firm to 26.94 percent from 8.71 percent on Monday, the filing showed.

Reporting by Noor Zainab Hussain in Bengaluru, editing by Sinead Cruise

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