Aviva has declared its support for the agreed offer announced recently by the boards of Unicredito and HVB.
Aviva has declared its support for the agreed offer announced recently by the boards of Unicredito and HVB.
Aviva has been a significant shareholder in Unicredito for many years and currently holds 3.08% of the issued share capital of Unicredito. Aviva intends to support the proposal at the extraordinary shareholders’ meeting on 27 July.
Richard Harvey, group chief executive of Aviva, said: "There is a strong strategic rationale for bringing the two banks together. We have considered the announcements made by UCI and HVB and are warmly supportive."
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Notes to editors:
- Aviva is the seventh largest player in the Italian life market.
- Aviva has a distribution arrangement with Unicredito, which provides exclusive access to over 550 branches within the Unicredito group for the sale of life and pensions products.
- Aviva is the world’s fifth-largest insurance group based on gross world-wide premiums and one of the leading providers of life and pensions to Europe with substantial positions in other markets around the world.
- Aviva’s principal business activities are long-term savings, fund management and general insurance, with world-wide premium income and retail investment sales from continuing operations of Ł33 billion and assets under management of Ł273 billion.
- The Aviva media centre at www.aviva.com/media includes images, company and product information and a news release archive.