According to Bloomberg, Aviva has received offers of more than 1bn dollars from Apollo Global Management, Harbinger Capital Partners and Guggenheim Partners for a US life insurance divison.
Bloomberg's anonymous sources for this news revealed that the bidders have held talks with other investors about forming groups to share the cost of the purchase.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Aviva, with a market cap of approximately 9.4bn pounds, has been selling and closing businesses in an effort to exist less profitable markets and increase its capital reserves.
CM
-
Savills: Average house prices to grow by 22% over next five yearsHouse prices in Scotland, Wales and northern England are forecast to experience the biggest uptick
-
How to shield your money as Reeves refuses to rule out income tax hikes and warns of ‘necessary choices’Chancellor Rachel Reeves appeared to lay the groundwork for higher taxes in the Autumn Budget on Tuesday morning and refused to stand by her manifesto pledge not to increase income tax.
