Aviva confirms sale of its Italian business in latest exit

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Aviva has announced the sale of Aviva Italy for €873m in cash, coming just days after similar divestments of its businesses in France and Turkey. This deal, which sees Aviva's Italian business acquired by CNP Assurances, values the businesses at €1.2bn including Unicredit Group's 49% shareholding in Aviva S.p.A. Amanda Blanc, CEO of Aviva, said: "Since I announced our new strategy in August last year, we have announced seven divestments that will generate over £5bn of cash proceeds. This rapid progress allows us to focus on transforming and growing our already strong businesses in the...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.