# Aviva completes the sale of its Italian Life Insurance businesses

- Link: https://www.directorstalkinterviews.com/aviva-completes-the-sale-of-its-italian-life-insurance-businesses/4121036140
- Published: 2021-12-01T07:36:21+00:00
- 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 Life Insurance businesses
^(1) to CNP Assurances and has received £462 million^(2) (€543 million) in cash 
consideration. This concludes Aviva’s exit from the Italian market.

> **Amanda Blanc, Group Chief Executive Officer of Aviva, said:**
> “In the last 24 hours we have completed the sales of both Aviva Poland and our
> Italian life insurance business. These are major steps forward as we radically
> simplify Aviva. I have no doubt that both businesses will thrive under their excellent
> new owners and I wish them and all their people every future success.”

**Notes:**

_1. Transaction as announced on 4 March 2021. Primarily comprises 51% shareholding
in Aviva S.p.A. and 100% shareholding in Aviva Life S.p.A._

_2. Using FX spot rate of £1/€1.1754._

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