Aviva takes note of ING asset sale
Aviva, the UK’s biggest insurer, is considering bidding for assets to be sold by ING.
The Dutch bank is proposing a €22 billion programme of disposals having embarked on a “back to basics” restructuring as a result of receiving €10 billion in state aid last year.
The group has also recently announced that it will be separating its banking and insurance operations.
Aviva is currently cash rich, following the flotation of a minority stake in its Netherlands-based Delta Lloyd business, which netted around €1 billion.
The initial public offering was the biggest seen in Europe so far this year.
The insurer also listed on the New York Stock Exchange last month, although no new Aviva ordinary shares were issued.
The group said the move would support its ambitions in the US retirement and life insurance markets.
Category: Aviva News, Insurance News
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