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Ares, Blackstone bidding for Fidelity & Guaranty Life: Bloomberg

Ares Management LP and Blackstone Group are among the bidders vying for Fidelity & Guaranty Life (FGL), Bloomberg is reporting. Athene Holding Ltd, which is backed by Apollo Global Management, may also bid, the story said. HRG Group Inc put FGL up for sale in 2015 . In April, FGL terminated a deal with Anbang Insurance Group Co after the transaction struggled to win regulatory approval.