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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Aviva plc    AV.   GB0002162385

AVIVA PLC

(AV.)
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Aviva : to Sell French Business for $3.89 Billion

02/23/2021 | 02:35am EST

By Matteo Castia

Aviva PLC said Tuesday that it is selling its French business to mutual insurer Aema Groupe for 3.2 billion euros ($3.89 billion) in cash.

The FTSE 100 listed insurer said the deal is expected to be completed by the end of this year.

The company said the deal will significantly strengthen its liquidity position and realize considerable value for shareholders.

Aviva said it will use the proceeds to support its debt-reduction plan, investment for long-term growth, return of excess capital to shareholders, and to accelerate the repayment of some of the its internal loan with Aviva Insurance Ltd.

Write to Matteo Castia at matteo.castia@dowjones.com

(END) Dow Jones Newswires

02-23-21 0234ET

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Financials
Sales 2020 46 210 M 64 130 M 64 130 M
Net income 2020 1 778 M 2 467 M 2 467 M
Net Debt 2020 5 016 M 6 961 M 6 961 M
P/E ratio 2020 7,78x
Yield 2020 5,97%
Capitalization 14 475 M 20 190 M 20 088 M
EV / Sales 2020 0,42x
EV / Sales 2021 0,41x
Nbr of Employees 31 181
Free-Float 97,1%
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Technical analysis trends AVIVA PLC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 400,29 GBX
Last Close Price 368,60 GBX
Spread / Highest target 35,6%
Spread / Average Target 8,60%
Spread / Lowest Target -41,3%
EPS Revisions
Managers and Directors
NameTitle
Amanda Blanc Chief Executive Officer & Director
Jason Michael Windsor CFO, Executive Director & Chief Investment Officer
Mark George Culmer Non-Executive Chairman
Nitinbhai Babubhai Maganbhai Amin Chief Operating Officer
Michael Mire Independent Non-Executive Director
Sector and Competitors
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AVIVA PLC13.35%20 190
AXA9.19%61 404
PRUDENTIAL PLC7.94%52 923
METLIFE, INC.22.68%52 569
MANULIFE FINANCIAL CORPORATION14.83%39 864
PRUDENTIAL FINANCIAL, INC.13.51%35 182