British insurance company Aviva PLC has agreed to buy all the shares in River Road Asset Management of Louisville, Kentucky.
Aviva did not say what it is paying for the company, which has gross assets of $6 million and $3.6 billion of assets under management.
Aviva has $549 billion of assets under management, not including the River Road acquisition.
River Road will continue under its current management, as a unit of Aviva Investors North America based in Des Moines, Aviva said.
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Hacker of App Used by Trump Aide Stole Data From Across Government 
Brett Favre’s Defamation Suit Against State Auditor Can Move Forward, Court Says 
State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing 
Corporate Nuclear Verdicts Surged to New Record High in 2024, Report Says 
