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Aviva concludes sale of French unit for $3.8 billion

Posted On: Oct. 5, 2021 10:01 AM CST

M&A

U.K.-based insurer Aviva PLC has completed the divestment of its French insurance business to France-based mutual insurer Aéma Groupe for €3.2 billion ($3.8 billion), Verdict reported. The transaction covers Aviva France SA’s property and casualty and life insurance as well as asset management businesses.