Key Developments: Aviva PLC (AV_pa.L)

AV_pa.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aviva simplifies its Italian joint ventures
Wednesday, 16 Apr 2014 02:00am EDT 

Aviva PLC:Reached agreements with UBI Banca S.c.p.a. and UniCredit S.p.A to restructure its life joint ventures in Italy.Says it has two joint ventures with UBI Banca, one owned 50 pct by Aviva, and one owned 50 pct by Aviva S.p.A., itself a joint venture between UniCredit and Aviva.In addition, Aviva S.p.A. owns minority equity investments in three of UBI Banca's subsidiary banks.Transaction is significant simplification of Aviva's life business in Italy.As part of the restructuring, Aviva will increase its holding to 80 pct of the joint ventures that offer products to UBI Banca customers, with UBI Banca owning 20 pct.Aviva's distribution agreement with UBI Banca will be extended from 2015 to 2020, focused on savings and life protection products.Aviva S.p.A. will also sell the minority equity investments to UBI Banca.As a result, the indirect relationship between UniCredit and UBI Banca will be decoupled.Aviva S.p.A., which will continue to be owned 51 pct by Aviva, will enter into a new five year distribution agreement with UniCredit offering selected products, and increased capital efficiency.Says it will make balancing payment of about 25 mln pounds to fund the transaction.Transaction is expected to be broadly neutral to Aviva plc's economic capital and IFRS NAV at completion.  Full Article

Aviva Plc sells entire stake in Woori Aviva Life
Monday, 14 Apr 2014 03:36am EDT 

Aviva Plc:Sells entire 47 pct stake in South Korean business Woori Aviva Life Insurance, joint venture with Woori Financial Holdings (WALI) to NongHyup Financial Group (NHFG).  Full Article

Aviva to sell River Road to Affiliated Managers Group Inc
Friday, 28 Mar 2014 03:01am EDT 

Aviva PLC:To sell US equity manager River Road Asset Management, LLC to Affiliated Managers Group Inc.  Full Article

Aviva plc sells its Turkish general insurance business
Tuesday, 25 Mar 2014 03:00am EDT 

Aviva plc:Announces sale of its Turkish general insurance business Aviva Sigorta A.Ş, to a private equity consortium led by EMF Capital Partners (EMF).Expected to complete in the H1 2014.Financial terms of the transaction were not disclosed.  Full Article

The Rank Group Plc announces ceasing of interest by Aviva plc and its subsidiaries
Tuesday, 18 Mar 2014 05:47am EDT 

The Rank Group Plc:Aviva Plc and its subsidiaries ceased to have a notifiable interest in voting rights attached to ordinary 13 8/9 pence shares in capital of company.  Full Article

F&C Asset Management plc announces holding interest of Aviva plc & its subsidiaries
Monday, 10 Mar 2014 11:21am EDT 

F&C Asset Management plc:Says Aviva plc & its subsidiaries holds 56,245,414 shares which represents 9.57pct of the direct voting rights of the company.  Full Article

Aviva Plc announces final dividend per share 9.4 pence
Thursday, 6 Mar 2014 02:11am EST 

Aviva Plc:Announces final dividend per share 9.4 pence.  Full Article

Aviva Plc appoints Tom Stoddard as chief financial officer
Friday, 28 Feb 2014 02:45am EST 

Aviva Plc:Says that Tom Stoddard will join the Board of Aviva and become chief financial officer with effect from May 5.Says he will replace Pat Regan who, as announced on Jan. 23, is leaving Aviva.  Full Article

Brightside Group Plc announces holding interest of Aviva plc & its subsidiaries
Friday, 31 Jan 2014 10:35am EST 

Brightside Group Plc:Says Aviva plc & its subsidiaries holds 30,000,000 voting rights which represents 5.98 pct of the direct voting rights of the company.  Full Article

Aviva Plc CFO Regan To Leave-Reuters
Thursday, 23 Jan 2014 02:14am EST 

Aviva Plc:Says its chief financial officer (CFO) Pat Regan would be stepping down in June to join QBE as the Australian insurer's CFO-Reuters.Says formal arrangements for his replacement were in progress.  Full Article

Britain's FTSE hits 2-month low, Admiral slumps

LONDON, July 9 - Britain's top share index fell for a third straight session to a two-month low on Wednesday, with UK car insurer Admiral sinking after a downbeat trading update.

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