Aviva sells its life insurance business in Italy

AVIVAAviva sold its entire 80% stake in the Italian life insurance joint venture: Aviva Vita, to Ubi Banca. The latter is included among the four activities of the British insurer in Italy. The transaction was concluded for 400 million EUR (474.66 million USD).

Such operation confirms the group's policy to refocus its activities on the United Kingdom, Canada and Ireland.

For the record, Aviva has already sold its Singaporean subsidiary in September 2020. Aviva France is also put up for sale.

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