success of the takeover bid by Abeille Assurances on UFF, which will be withdrawn from the stock market

Abeille Assurances, formerly Aviva France now part of the Ama group, holds 94.84% of the capital and voting rights of the UFF bank after its takeover bid, and will take it out of the stock market, indicated the AMF Thursday.

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The insurer acquired during the public offer a little more than 2 million shares at 21 euros per title, valuing Union Financire de France bank at 341 million euros, and can proceed to the compulsory withdrawal.

Prior to the takeover bid, Abeille Assurances held 74.99% of the capital and voting rights of the bank, which specializes in wealth management advice.

UFF, with 1,220 employees, claims on its website nearly 200,000 customers and 13 billion euros administered at the end of 2021.

Aviva France, renamed Abeille Assurances at the end of 2021, is a general insurance player. He evolves in the Ama galaxy, born of the merger a few months earlier of the insurers Macif and Asio.

source site-96