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UK

France's CNP buys Aviva's Italy life insurance business for 543 million euros

PARIS (Reuters) - CNP Assurances has signed an agreement to buy British insurer Aviva’s life insurance businesses in Italy for 543 million euros ($655 million), the French insurer said on Thursday.

The deal includes acquiring Aviva’s 51% stake in a life insurance joint venture with Italian bank UniCredit, CNP Assurances said in a statement.

($1 = 0.8293 euros)

Reporting by Sudip Kar-Gupta and Matthieu Protard; editing by Jason Neely

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