15 Sep 2020

First strategic revamp

Aviva plc (AV:LON) | 607 7.3 0.2% | Mkt Cap: 16,263m

- Bassem Neifer
- 3 pages

With the sale of the Singaporean operations for £1.6bn, the new CEO, Amanda Blanc, shows her intention to focus rapidly on its preferred markets (the UK, Ireland and Canada). The next candidate for sale is the French unit. This transaction is more complicated than the previous one, with the necessity to obtain the agreement of Afer, its key partner in France. With potential proceeds of £2.9bn, Aviva could reduce its debts significantly and allocate more capital to the UK bulk annu ....

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First strategic revamp

Aviva plc (AV:LON) | 607 7.3 0.2% | Mkt Cap: 16,263m

Published: 15 Sep 2020
Author: Bassem Neifer
Pages: 3

With the sale of the Singaporean operations for £1.6bn, the new CEO, Amanda Blanc, shows her intention to focus rapidly on its preferred markets (the UK, Ireland and Canada). The next candidate for sale is the French unit. This transaction is more complicated than the previous one, with the necessity to obtain the agreement of Afer, its key partner in France. With potential proceeds of £2.9bn, Aviva could reduce its debts significantly and allocate more capital to the UK bulk annu ....