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Phoenix assesses options for European businesses after third-party interest

Reuters

(Reuters) - London-based insurer Phoenix Group is assessing a range of strategic options for its European businesses after recent expressions of interest from third parties, it said on Tuesday.

Bloomberg, citing people with knowledge of the matter, reported on Monday that Phoenix is working with an adviser to assess interest in its businesses in Ireland and Germany, with potential sale value worth up to 650 million euros ($770.19 million).

(Reporting by Muvija M in Bengaluru; Editing by Saumyadeb Chakrabarty)