UK insurer Aviva plc announced the completion of the sale of its French business to Aéma Groupe for £2.8 billion ($3.8 billion) in cash.
The transaction was first announced on Feb. 23, 2021.
“This is a very significant step forward for Aviva. It greatly simplifies the company as we focus on our core businesses in the UK, Ireland and Canada,” said Amanda Blanc, group chief executive officer.
“I am confident that Aéma, with its strong insurance heritage and reputation, will be an excellent owner of Aviva France. I wish the business and all its people every success for the future.”
Source: Aviva
Was this article valuable?
Here are more articles you may enjoy.
A-Cap Insurers File Suit Against SCDOI Director; AM Best Downgrades Group 
Hellman & Friedman Explores Sale of Applied Systems at Up to $10B, Sources Say 
State Farm to Increase Claims Workforce by 3,000 
FEMA’s New Flood Maps Means More Homes Require Flood Insurance: Cotality 
