Swiss Re Offloads Half of Its Phoenix Group Holding

Phoenix Group said on Wednesday that Swiss Re has sold 66,199,917 shares in Phoenix, representing about 6.6% of its total issued share capital. The FTSE 100 firm said the sale took place by an accelerated bookbuild, to a range of new and existing institutional investors. In order to support an orderly sell down and improve… Continue reading Swiss Re Offloads Half of Its Phoenix Group Holding