Aviva will sell of at least a third of Dutch firm to raise £1bn
Aviva will today launch an initial public offering (IPO) of its Dutch subsidiary, Delta Lloyd, to raise about £1bn before the end of the year, the FT reports
Aviva chief executive Andrew Moss said the company would sell at least 30% of Delta Lloyd but stay the majority owner.
Aviva is likely to use the funds raised to shore up and restructure its balance sheet in the short term, and then use some in the medium term to fund growth organically and, potentially, through acquisition.
Biggest for 18 months
Morgan Stanley and Goldman Sachs are leading the IPO for Aviva.
The FT said it would be the biggest IPO in Europe for at least 18 months.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
