HRG Explores Strategic Options For Fidelity & Guaranty Life, Incl. Possible Sale

(RTTNews) - HRG Group Inc. (HRG) announced that it is exploring strategic alternatives for Fidelity & Guaranty Life (FGL), including a potential sale of FGL, or of all or part of HRG's 80.6% interest in FGL.

HRG noted that there can be no assurance that the exploration of strategic alternatives will result in a transaction or that any transaction, if pursued, will be consummated. The exploration of strategic alternatives may be terminated at any time and without notice. Neither HRG Group nor any of its affiliates intend to disclose developments with respect to this process unless and until the Board of Directors has approved a specific transaction or course of action.

HRG acquired 100% of FGL in April 2011. In December 2013, FGL successfully completed an IPO of 19.3% of its interest at that time. HRG did not sell any FGL shares as part of that offering.