Slaughter and May and Skadden advise on £3.2bn Standard Life Aberdeen insurance sale

Top UK and US firms lead as newly merged investment company sells insurance unit to Phoenix Group

Slaughter and May and Skadden Arps Slate Meagher & Flom are advising on the £3.24bn sale of Standard Life Aberdeen’s (SLA) insurance business to FTSE 250 insurer Phoenix Group.

The unit being sold, Edinburgh-based Standard Life Assurance Limited, is one of the UK’s oldest insurance companies.

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