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Macif group ready to buy out Aviva France

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Magazine Issue: 
Covid-19, insurers affected but not wrecked [3]
Magazine date: 
Jan 2021

AVIVAOn 9 January 2021, the Macif Group filed an offer to buy Aviva France for 3.2 billion EUR (3.9 billion USD).

This offer makes Macif the first candidate to officially bid for the takeover of Aviva France. The deadline for the submission of the acquisition bids is set for 15 January 2021.

For this transaction, the mutualist group has obtained funding from the advisory bank Crédit Suisse.

To date, several other groups have expressed interest in acquiring the British group's French subsidiary, namely AG2R La Mondiale, Allianz, AXA, Generali and La Banque Postale.

Read also | AXA to acquire Aviva France [4]

Tue, 12/01/2021 - 09:43

Source URL: https://www.atlas-mag.net/en/article/macif-group-ready-to-buy-out-aviva-france

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[4] https://www.atlas-mag.net/en/article/axa-to-acquire-aviva-france