Aviva shares leap almost 10% on takeover speculation ...Middle East

Shares in Aviva, the UK’s biggest insurer, jumped almost 10% after reports that it could be the target of a takeover by a foreign buyer. Its shares rose 9.5% to 425.12p, having hit 428.3p at one stage, valuing the company at £11.6bn. The markets blog Betaville and the Times newspaper reported that Aviva had attracted takeover interest from several international rivals. It has previously been linked with Germany’s biggest insurer, Allianz, while Canada’s Intact Financial Corporation and the Danish insurer Tryg are reportedly considering their options, along with an American insurer, with a £6-a-share proposal mooted, according to the Times. There had been some discussions with suitors, a Ci

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Last updated : 06 October 2023 clock 04:01 PM

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Aviva shares leap almost 10% on takeover speculation ...Middle East

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