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.
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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.
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Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
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Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
