Home Actualité internationale . World News – UK – Aviva sells Italian subsidiary for 400 million. EUR
Actualité internationale

. World News – UK – Aviva sells Italian subsidiary for 400 million. EUR

. . Aviva PLC announced on Monday that it had sold its Italian life insurance joint venture Aviva Vita SpA to the UBI Banca banking group for € 400 million. 2. . .

. .

Aviva PLC announced on Monday that it had sold its Italian life insurance joint venture Aviva Vita SpA to UBI Banca banking group for € 400 million ($ 474. 2 million).

The FTSE 100 insurer said the deal was another step in its strategy to realign its portfolio.

« Proceeds will be used to further strengthen Aviva’s core liquidity and are considered part of Aviva’s broader capital management and deleveraging goals, » the company said.

Aviva has three other insurance companies operating in Italy, including Aviva SpA – a joint venture with the Italian bank UniCredit SpA – and 100% Aviva Life SpA and Aviva Italia SpA.

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Aviva, UBI Banca, life insurance, Amanda Blanc, share

World news – GB – Aviva sells Italian subsidiary for 400 million. EUR

Ref: https://www.marketwatch.com