Aviva completes sale of Italian JV to Banco BPM

Aviva has completed the sale of the entire shareholding in its joint venture in Italy Avipop Assicurazioni SpA (the JV) to Banco BPM for a total amount of €267.9m.

The transaction – which includes the sale of the Italian JV’s wholly owned subsidiary Avipop Vita SpA – will not affect Aviva’s other Italian operations.

Aviva Italy – which announced the transaction on 29 September 2017 – today is a top 10 insurance group benefitting from well-diversified distribution including partnerships with UBI Banca, Unicredit, Fineco, Banca Popolare di Bari, a strong and growing franchise with IFAs and a distribution network of over 500 tied agents.

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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