Aviva Plc sells Aviva Italy for €873 million in cash

LONDON: Aviva Plc has sold its remaining Italian Life and General Insurance businesses (Aviva Italy) for €873 million in cash. This values the businesses at €1.2 billion including Unicredit Group’s 49% shareholding in Aviva S.p.A. Key highlights: · Sale of Aviva’s Life insurance business1 to CNP Assurances for €543m, and · Sale of Aviva’s General…