Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Provider: MacroRisk Analytics/EconomicInvestor
Provider: Reuters Investment Profile

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Aviva Plc Announces Intention To Sell Remainder Of Shareholding In Delta Lloyd NV

Tuesday, 8 Jan 2013 12:12pm EST 

Aviva Plc announced that it intends to sell the remainder of its shareholding in Delta Lloyd NV (Delta Lloyd). The sale of these shares will be through a private placement to qualified institutional investors (the Offering). The Offering is expected to comprise up to 34,288,795 Delta Lloyd ordinary shares (subject to investor demand), being Aviva's entire remaining stake in Delta Lloyd. This number of Delta Lloyd ordinary shares is equivalent to 19.4% of Delta Lloyd's issued ordinary share capital (including treasury shares) and 18.2% of Delta Lloyd's voting rights. The offer price will be determined by means of an accelerated book-build offering process which is to start immediately. Cash proceeds will increase central group liquidity and will be used for general corporate purposes. Aviva has entered into a placing agreement with Morgan Stanley (as Global Coordinator and Joint Bookrunner), Goldman Sachs and Barclays (as Joint Bookrunners) and ABN AMRO (as Co-Lead Manager) (together, the Banks) in relation to the Offering. The placing agreement contains customary termination rights in favour of the Banks. 

Company Quote

-1.0 -0.20%
30 Jul 2014