Brief: Ageas Acquires Aviva's 40% Stake In Turkish Life Insurer AvivaSA

Agesa Hayat ve Emeklilik

23/02/2021 18:33

Feb 23 (Reuters) - AGEAS SA  AGES.BR :
    * AGEAS ACQUIRES AVIVA’S 40% STAKE IN TURKISH LIFE INSURER
AVIVASA
    * TRANSACTION IS SUBJECT TO REGULATORY APPROVAL AND IS
EXPECTED TO
CLOSE IN 2021
    * IMPACT ON GROUP'S SOLVENCY POSITION AT TIME OF CLOSING IS
ESTIMATED TO BE AROUND 3 PERCENTAGE POINTS.
    * FOR A TOTAL CONSIDERATION OF GBP 122 MILLION (TL 1.2
BILLION) OR
CIRCA EUR 142 MILLION
    * AGEAS WILL PAY TO AVIVA PLC CONSIDERATION OF GBP 122
MILLION IN
CASH FOR 40% STAKE AT CLOSING

Source text for Eikon:  ID:nNDLZ6VWS 
Further company coverage:  AGES.BR 

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