Aviva has completed the sale of its French business to Aéma Groupe in a €3.2 billion (£2.8bn) cash deal.
Aviva today confirmed the sale of its French life, general insurance, and asset management business, having first announced the transaction in February. The move forms part of its wider transformation strategy to focus on core markets in the UK, Ireland, and Canada. Aviva chief executive, Amanda Blanc, said: "This is a very significant step forward for Aviva. It greatly simplifies the company as we focus on our core businesses in the UK, Ireland and Canada. "I am confident that Aéma, with its strong insurance heritage and reputation, will be an excellent owner of Aviva ...
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