Aviva completes exit

Aviva plc recently announced the completion of the sale of its Italian Life Insurance businesses to CNP Assurances and has received GBP462­ million (EUR543 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.”