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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Aviva plc    AV.   GB0002162385

AVIVA PLC

(AV.)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 01/21 05:44:42 am
351 GBX   +0.86%
01/20AVIVA : To Close UK Offices Amid Permanent Shift To Working From Home
MT
01/19AVIVA : Our OUTstanding Role Models
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01/15AVIVA : Director/PDMR Shareholding
PU
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Aviva : sells Vita stake to UBI Banca as part of group overhaul

11/23/2020 | 02:47am EST

LONDON (Reuters) - British insurer Aviva said on Monday it had agreed to sell its stake in Italian life insurer Aviva Vita to joint venture partner UBI Banca for 400 million euros ($474.92 million) in cash.

The deal follows the sale of Aviva's Singapore business as Chief Executive Amanda Blanc looks to exit non-core operations in Asia and mainland Europe after a prolonged period of share price weakness irked investors.

As part of the Vita deal, Aviva said a 40 million euro loan provided by Aviva Italia Holding to Aviva Vita would also be repaid in full at completion.

The deal represents a multiple of 8.4 times Aviva Vita's 2019 IFRS profit, the company said, and would increase Aviva's net asset value by 100 million pounds and boost its capital surplus by 200 million pounds.

"Our strategy is about focus and delivery. The sale of Aviva Vita is another important step forward as we reshape our portfolio," Blanc said in the statement.

The other Italian businesses being evaluated are Aviva SpA, a 51% owned life insurance joint venture with UniCredit; fully owned life insurer Aviva Life and fully owned general insurer Aviva Italia.

(Reporting by Simon Jessop, editing by Huw Jones)

By Simon Jessop


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AVIVA PLC 0.80% 351 Delayed Quote.7.01%
UNICREDIT S.P.A. -0.96% 8.029 Delayed Quote.6.03%
All news about AVIVA PLC
01/20AVIVA : To Close UK Offices Amid Permanent Shift To Working From Home
MT
01/19AVIVA : Our OUTstanding Role Models
PU
01/15AVIVA : Director/PDMR Shareholding
PU
01/13AVIVA : Home-buying plans on hold for 1 in 5 UK adults
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01/13MARKET CHATTER : Macif Group Presents $4 Billion Offer To Buy Aviva France
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01/12ANALYSIS : The trillion dollar weapon in the U.S.-China tech stock war
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01/11AVIVA : Introverts and younger workers most in need of support
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01/11British stocks fall on COVID-19 risks; Signature Aviation, JD Sports surge
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01/06AVIVA : Gets a Buy rating from JP Morgan
MD
01/04AVIVA : Mark Versey appointed CEO of Aviva Investors
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More news
Financials
Sales 2020 47 533 M 65 090 M 65 090 M
Net income 2020 1 737 M 2 379 M 2 379 M
Net Debt 2020 5 016 M 6 869 M 6 869 M
P/E ratio 2020 7,70x
Yield 2020 6,34%
Capitalization 13 665 M 18 641 M 18 713 M
EV / Sales 2020 0,39x
EV / Sales 2021 0,38x
Nbr of Employees 31 181
Free-Float 97,1%
Chart AVIVA PLC
Duration : Period :
Aviva plc Technical Analysis Chart | AV. | GB0002162385 | MarketScreener
Technical analysis trends AVIVA PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 383,62 GBX
Last Close Price 348,00 GBX
Spread / Highest target 43,7%
Spread / Average Target 10,2%
Spread / Lowest Target -37,8%
EPS Revisions
Managers and Directors
NameTitle
Amanda Blanc Chief Executive Officer & Director
Mark George Culmer Non-Executive Chairman
Nitinbhai Babubhai Maganbhai Amin Chief Operating Officer
Jason Michael Windsor CFO, Executive Director & Chief Investment Officer
Michael Mire Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
AVIVA PLC7.01%18 641
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MANULIFE FINANCIAL CORPORATION8.57%37 599
PRUDENTIAL FINANCIAL, INC.7.61%33 218