View more on these topics

Aviva sells holding in Spanish life and pension businesses

In August, Aviva sold its Italian joint venture to Banco BPM

Aviva-signage-building-2013-700.jpgAviva has completed the sale of a 50 per cent shareholding in life and pension joint ventures in Spain, a month after exiting an Italian joint venture.

Aviva has sold its stake in Unicorp Vida and Caja España Vida, as well as its retail life insurance business Aviva Vida y Pensiones, to Santalucía.

Total consideration for the sale is €475m. Aviva announced the sale in May.

In Spain, Aviva continues to hold shareholdings in life insurance joint ventures with Caja Granada and Cajamurcia, both part of Banco Mare Nostrum, and Pelayo Group.

In August, Aviva sold its 50 per cent stake in Italian joint venture Avipop Assicurazioni and wholly owned subsidiary Avipop Vita to Banco BPM.

Recommended

Technology-Microchip-Tech-Computer-700x450.jpg

Aviva outlines adviser training plans for new platform

Aviva expects to move to its new advised platform by the end of November, with training for advisers to start around two months before. Aviva announced it was switching the technology behind its advised platform to FNZ from Bravura in April last year. Initially, the provider expected the replatforming to complete in the first half […]

Data reveals top fund manager in Europe for flows

Pimco attracted the most assets among fund houses operating in Europe last month with inflows of €4.5bn (£4.2bn), data from Morningstar Direct shows. The Pimco GIS Income fund was the key attraction, with €3.6bn of inflows. BlackRock’s main draw was its institutional open-ended index funds with the new BlackRock ACS 30:70 Global Equity tracker bringing in €1.9bn. However, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment