Aviva completes sale of Spanish businesses

Aviva plc (“Aviva”) announces that it has completed the sale of its 50% shareholding in life insurance and pension joint ventures Unicorp Vida1 and Caja España Vida2, as well as its retail life insurance business Aviva Vida y Pensiones3, to Santalucía4. Total consideration of the transaction is €475m (£424m). This follows the announcement of the sale by Aviva on 10 May 2017.

In Spain, Aviva continues to hold shareholdings in life insurance joint ventures with Caja Granada and Cajamurcia, both part of Banco Mare Nostrum, and Pelayo Group5.


1 Unicorp Vida Compañía de Seguros y Reaseguros, S.A. is a 50-50 joint venture with Unicaja Banco

2 Caja España Vida Sociedad de Seguros y Reaseguros, S.A. is a 50-50 joint venture with Caja España, now part of Banco Ceiss

3 Including Aviva Vida y Pensiones’ fund management subsidiary Aviva Gestión Sociedad Gestora de Instituciones de Inversión Colectiva, S.A.

4 Santa Lucía, S.A, Compañía de Seguros y Reaseguros

5 Legal entity names: Caja Granada Vida de Seguros y Reaseguros, S.A.; Caja Murcia Vida y Pensiones de Seguros y Reaseguros, S.A.; Banco Mare Nostrum, S.A.; Pelayo Vida Seguros y Reaseguros, S.A.



Yasmin Saleh          +44 (0)20 7662 8710


Chris Esson.           +44 (0)20 7662 8115

Diane Michelberger +44 (0) 20 766 20911

Notes to editors:

  • Proceeds converted to GBP at an exchange rate of €1.12/£1

About Aviva

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