LONDON (Reuters) – Aviva jumped on Friday morning following information from The Times according to which the British insurer could be bought by a foreign group.
Contacted by Reuters, Aviva declined to comment.
On the London Stock Exchange, around 08:50 GMT, Aviva shares climbed 9.06% to 423.63 pence, heading towards their biggest increase in one session since August 2022.
The stock is at the top of the Stoxx 600 (+0.39%) and the FTSE index (+0.20%).
The current share price values Aviva at around 11 billion pounds (12.72 billion euros).
The British newspaper mentions “conversations that do not want to die down”, regarding expressions of interest in Aviva.
Aviva announced last month that it had bought AIG’s UK life insurance business for £460 million, the largest acquisition to date by its chief executive, Amanda Blanc.
(Reporting Joice Alves and Carolyn Cohn, written by Amanda Cooper, French version Claude Chendjou, edited by Blandine Hénault)
©2023 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.