# Aviva completes sale of Aviva Italia for £284 million

- Link: https://www.directorstalkinterviews.com/aviva-completes-sale-of-aviva-italia-for-284-million/4121025983
- Published: 2021-10-01T07:30:07+01:00
- Author: Amilia Stone

**[Aviva plc](https://www.directorstalkinterviews.com/ftse-company/aviva-plc/av.l)**(
LON:AV) has announced the completion of the sale of its Italian General Insurance
business to Allianz and has received £284- million^(1) (€330 million) in cash consideration.
The transaction was announced on 4 March 2021.

_1. Using FX spot rate of £1/€1.16_

**Notes to editors**:

· For information on how Aviva is helping our people, customers and communities 
impacted by COVID-19 visit: www.aviva.com/covid-19-our-response/

· We exist to be with people when it really matters, throughout their lives. We 
have been taking care of people for more than 320 years, in line with our purpose
of being ‘with you today, for a better tomorrow’. In 2020, we paid £30.6 billion
in claims and benefits to our customers.

· Aviva is invested in our people, our customers, our communities and our planet.
In 2021, we announced our plan to become a Net Zero carbon emissions company by 
2040, the first major insurance company in the world to do so. This plan means Net
Zero carbon emissions from our investments by 2040; setting out a clear pathway 
to get there with a cut of 25% in the carbon intensity of our investments by 2025
and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply
chain by 2030. Aviva has been leading this agenda for decades: Aviva was the first
international insurer to go operationally carbon neutral in 2006 and we are champions
of renewable energy and energy storage at our offices, allowing us to achieve our
2030 carbon reduction target (70% reduction on 2010 levels) 10 years early. Find
out more about our climate goals at www.aviva.com/climate-goals and our [sustainability](https://www.directorstalkinterviews.com/sustainability-green-stocks-news)
ambition at www.aviva.com/sustainability.

· Aviva is a Living Wage and Living Hours employer and provides market-leading benefits
for our people, including flexible working, paid carers leave and equal parental
leave. Find out more at www.aviva.com/social-purpose

· We are focused on the UK, Ireland and Canada where we have leading market positions
and significant potential. We will invest for growth in these markets. We will also
transform our performance and improve our efficiency. Our transformation will be
underpinned by managing our balance sheet prudently, reducing debt and increasing
our financial resilience. We also have strategic investments in Singapore, China
and India.

· At 30 June 2021, total Group assets under management at Aviva Group are £522 billion
and our Solvency II shareholder capital surplus is £12 billion. Our shares are listed
on the London Stock Exchange and we are a member of the [FTSE 100](https://www.directorstalkinterviews.com/news/ftse-100)
index.

Share on: