Allianz and Athora Holding, in talks to buy Aviva's French operations

28 September 2020 — Cosmin CONCEATU
A consortium of German insurer Allianz and life insurer Athora Holding is in advanced talks to buy Aviva's French operations in a deal worth between 2 and 3 billion euros (USD 2.3 - USD 3.5 billion), StreetInsider.com reports, citing sources close to the matter.

Aviva, together with JPMorgan and Rothschild, are looking for a new owner for the unit, which provides life insurance as well as property and casualty policies to French clients, the sources mentioned by StreetInsider.com said. Allianz, which is already present in France, is also considering a parallel deal to transfer all its existing French run-off portfolio to Athora.

More details about the deals are available on streetinsider.com

Source: streetinsider.com

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