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Consumer Cyclicals
Large Cap
Market Cap £6.06bn
Enterprise Value £5.37bn
Revenue £2.79bn
Position in Universe 163rd / 1805

Persimmon, Aviva concede measures over ground rent, lease terms

Wed 23rd June, 2021 7:29am
June 23 (Reuters) - Britain's competition regulator said on
Wednesday it has got commitments from housebuilder Persimmon
 PSN.L  and insurer Aviva  AV.L  as part of a long-running
investigation into possible mis-selling of leasehold homes and
high ground rents.
    The Competition and Markets Authority said Aviva will remove
unfair ground rent terms and repay owners whose rents were
doubled, while Persimmon will offer leasehold owners an option
to get complete ownership of the property at lower rates.

 (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shounak
 ((Pushkala.A@thomsonreuters.com; Twitter: @pullthekart; Mobile:
+91 852 751 3793))
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