Standard Life Aberdeen sells insurance unit to Phoenix

LONDON (Reuters) - Standard Life Aberdeen (SLA) has agreed to sell the bulk of its insurance business to Phoenix Group for 3.24 billion pounds, as it posted broadly in-line full-year results, sending its shares higher.

from Reuters: Top News http://uk.reuters.com/article/uk-standard-life-aberdeen-m-a-phoenix/standard-life-aberdeen-sells-insurance-unit-to-phoenix-idUKKCN1G70MN?feedType=RSS&feedName=topNews