Aviva sells French unit to Aéma Groupe for nearly $4 billion

U.K.-based insurer Aviva PLC has agreed to sell its French unit Aviva France SA to France-based mutual insurer Aéma Groupe for €3.2 billion ($3.9 billion), Industry Leader Magazine reported. The transaction covers the French general insurance, life insurance and asset management businesses as well as the shareholding in Aviva France.

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