Aviva PLC Aviva completes sale of Aviva Poland (0890U)
01 December 2021 - 02:55AM
UK Regulatory
TIDMAV.
RNS Number : 0890U
Aviva PLC
30 November 2021
30 November 2021
Aviva completes sale of Aviva Poland
Aviva plc ("Aviva") today announces the completion of the sale
of its entire shareholding in Aviva Poland(1) to Allianz for cash
consideration of EUR2.5 billion(2) . The transaction was announced
on 26 March 2021.
Notes:
1. Comprising Aviva's interests in Poland and Lithuania.
2. Cash consideration received on completion of GBP2.0 billion
(EUR2.4 billion), net of dividends paid in 2021 and other
completion adjustments. Converted using FX rate of GBP1/EUR1.1652
which allows for the impact of currency hedging.
-ends-
Enquiries :
Media:
Andrew Reid +44 (0)7800 694 276
Sarah Swailes +44 (0)7800 694 859
Analysts:
Rupert Taylor Rea +44 (0)7385 494 440
Tegan Gill +44 (0)7800 691 138
Notes to editors :
-- For information on how Aviva is helping our people, customers
and communities impacted by COVID-19 visit:
www.aviva.com/covid-19-our-response/
-- We exist to be with people when it really matters, throughout
their lives. We have been taking care of people for 325 years, in
line with our purpose of being 'with you today, for a better
tomorrow'. In 2020, we paid GBP30.6 billion in claims and benefits
to our customers.
-- Aviva is invested in our people, our customers, our
communities and our planet. In 2021, we announced our plan to
become a Net Zero carbon emissions company by 2040, the first major
insurance company in the world to do so. This plan means Net Zero
carbon emissions from our investments by 2040; setting out a clear
pathway to get there with a cut of 25% in the carbon intensity of
our investments by 2025 and of 60% by 2030; and Net Zero carbon
emissions from our own operations and supply chain by 2030. Aviva
has been leading this agenda for decades: Aviva was the first
international insurer to go operationally carbon neutral in 2006
and we are champions of renewable energy and energy storage at our
offices, allowing us to achieve our 2030 carbon reduction target
(70% reduction on 2010 levels) 10 years early. Find out more about
our climate goals at www.aviva.com/climate-goals and our
sustainability ambition at www.aviva.com/sustainability .
-- Aviva is a Living Wage and Living Hours employer and provides
market-leading benefits for our people, including flexible working,
paid carers leave and equal parental leave. Find out more at
https://www.aviva.com/about-us/our-people/
-- We are focused on the UK, Ireland and Canada where we have
leading market positions and significant potential. We will invest
for growth in these markets. We will also transform our performance
and improve our efficiency. Our transformation will be underpinned
by managing our balance sheet prudently, reducing debt and
increasing our financial resilience. We also have strategic
investments in Singapore, China and India.
-- At 30 June 2021, total Group assets under management at Aviva
Group are GBP522 billion and our Solvency II shareholder capital
surplus is GBP12 billion. Our shares are listed on the London Stock
Exchange and we are a member of the FTSE 100 index.
-- For more details on what we do, our business and how we help
our customers, visit www.aviva.com/about-us
-- The Aviva newsroom at www.aviva.com/newsroom includes links
to our spokespeople images, podcasts, research reports and our news
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-- You can follow us on:
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-- For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva
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