Life and pension consolidator Phoenix Group admitted it is assessing a range of “strategic options” for the future of its European business.
The firm has operations in Ireland, Germany and in the UK.
The confirmation came after speculation in the media that Phoenix was selling its European businesses.
The company said: “In light of recent expressions of interest from third parties for the European business, Phoenix confirms that it is assessing a range of strategic options to maximise value for shareholders.
“At this point there can be no certainty that a transaction will be achieved. A further announcement will be made in due course if appropriate.”
