1st December 2021

Aviva completes sale of Italy and Poland businesses

Aviva has announced the completion of the sale of its Italian Life Insurance businesses to CNP Assurances and has received E543m in cash consideration. This concludes Aviva’s exit from the Italian market. It also reported the completion of the sale of its entire shareholding in Aviva Poland to Allianz for cash consideration of E2.5bn. The transaction was announced on 26th March 2021.
Amanda Blanc, Group ceo of Aviva, comments "In the last 24 hours we have completed the sales of both Aviva Poland and our Italian life insurance business. These are major steps forward as we radically simplify Aviva. I have no doubt that both businesses will thrive under their excellent new owners and I wish them and all their people every future success.”

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