Aviva shifts eastern Europe businesses
Insurance giant Aviva said it had completed the sale of its Czech, Hungarian and Romanian business to US life assurance firm MetLife.
Insurance giant Aviva said it had completed the sale of its Czech, Hungarian and Romanian business to US life assurance firm MetLife.
The firm added that the sale of its Romanian Pensions business was expected to go through later this year subject to regulatory approval.
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
The Norwich-based insurance multinational said at the start of the year it would reduce its presence in eastern Europe as it continues to focus on markets where it has strength and scale.
At the time Aviva said the combined net assets of the businesses on the block were around €57m at mid-2011.
-
The most influential people of 2025Here are the most influential people of 2025, from New York's mayor-elect Zohran Mamdani to Japan’s Iron Lady Sanae Takaichi
-
Millions of parents are missing out on up to £720 a year in extra pension cash – are you affected?A mum who narrowly missed out on the pension boost said she “never knew the government rule existed” and wants other parents to use it
