Edition:
United States

Aviva says Aviva Italia to sell Italian joint venture to Banco BPM


Friday, 25 Aug 2017 02:57am EDT 

Aug 25 (Reuters) - AVIVA PLC ::AVIVA TO SELL ITALIAN JOINT VENTURE TO BANCO BPM.AVIVA ITALIA HOLDING SPA EXERCISED AN OPTION TO SELL ITS ENTIRE 50% SHAREHOLDING IN ITS JOINT VENTURE IN ITALY, AVIPOP ASSICURAZIONI S.P.A. AND SUBSIDIARY AVIPOP VITA S.P.A. TO BANCO BPM S.P.A.PROCEEDS WILL BE RECEIVED IN CASH ON COMPLETION.JOINT VENTURES IN ITALY WITH UBI, UNICREDIT, AS WELL AS BUSINESS UNITS AVIVA LIFE S.P.A. AND AVIVA ITALIA S.P.A. ARE UNAFFECTED.