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Allianz, NN, Generali eye Aviva’s Polish operations

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M&A

Italian insurer Assicurazioni Generali SpA, Dutch insurer NN Group NV and German insurer Allianz SE are reportedly competing to buy British insurer Aviva PLC’s Polish insurance business for €2 billion ($2.42 billion), Xprimm reported citing Reuters. The deadline for making final bids for Aviva Poland has been postponed to late March as Aviva negotiates a key Polish distribution agreement renewal with Spanish financial services firm Banco Santander SA.

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