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The insurer Aviva France is attracting more and more buyers

2020-10-30T19:57:00.704Z

The takeover offer from the tandem of insurers Allianz and Athora would not be accepted. There are many suitors.



Pressure is mounting around the plan to sell Aviva France.

In early August, Amanda Blanc, the new managing director of the British insurer, had indicated that she wanted to refocus the group on the United Kingdom, Ireland and Canada.

Since then, excitement has reigned around the French subsidiary, which notably manages the life insurance contracts of Afer, the leading savings association in France.

Its price would be between 3 and 4 billion euros.

Read also:

Insurance: parliamentarians worried about the future of Aviva France

Several candidates are interested in the file.

At the head are the consortium formed by Allianz, the German insurance giant, and the insurer Athora, a subsidiary of the American investment fund Apollo and headquartered in Bermuda.

The two partners are considering a split of the activities of Aviva France, which has more than 4,500 employees and general agents.

Allianz would retain non-life insurance, while Athora would take over the savings activities and the portfolio of Afer, which manages 60 billion euros in outstanding

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Source: lefigaro

All business articles on 2020-10-30

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