Aviva, a British insurance company, is looking for people willing to buy its assets in Poland, informs Bloomberg. According to the agency’s interlocutors, the price could reach EUR 1.5 billion.
Aviva, a British insurance company, is looking for people willing to buy its assets in Poland
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According to Bloomberg, Aviva is working with JPMorgan to prepare for a potential sale.
Sales may start in January, and Bloomberg mentions Allianz, Generali, NN, and PZU among potential interested parties.
The agency emphasizes that no final decisions regarding the transaction have yet been made, and if the offers are too low, Aviva may stay in Poland.
Bloomberg cites a statement from Aviva’s representative that the British company will consider options for its business in Poland, but declined to comment further. The spokesmen of Allianz, Generali, JPMorgan, NN and PZU also declined to comment on the matter.
The Aviva Group (formerly Commercial Union) has been operating in Poland since 1992, serving 3.5 million customers and managing assets worth approximately PLN 50 billion. The key area of the group’s activity is individual life insurance and long-term investments. Aviva also offers group life insurance, property insurance for individual clients and companies, investment funds and health insurance.
Aviva in Poland is part of the international Aviva Group – the sixth insurance institution in the world and the first in Great Britain in terms of revenues.
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