CVC makes bid for Phoenix
CVC is thought to have made a bid for UK life assurer Phoenix Group, in a deal that could be worth over ТЃ800m.
Phoenix had been in talks with Clive Cowdery's Resolution consolidation vehicle, but a deal is thought to have fallen through due to the firm's valuation.
Phoenix is now thought to be in talks with CVC regarding a takeover offer. Phoenix's share price currently values the company at around £849m.
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