NEWSFLOW
Aviva (#AV.) – agreement to sell Poland business for €2.5bn, concludes planned refocus of its portfolio
- 2021-03-26 07:30:35
I declared my new FTSE 100 corporate crush a month or so ago here and Amanda Blanc, the newish CEO of insurance giant Aviva (AV.), is starting to deliver. Yesterday's announcement was that the company has sold its majority shareholding in its Singapore business to a strong sounding consortium for a cool £1.6 billion, which is not too shabby for a middling at best geographic division for a company with a market cap of £11.6 billion. Go that simplification plan!
Hello Share Snafflers. In times of crisis, I like to favour insurance companies. They usually have big reserves and the wave of uncertainty that accompanies disasters means more people buy policies, for which they’re prepared to pay higher prices...
Forget reading the multi-part regulatory news disclosures from insurance behemoth Aviva (AV.) today, just click on the webcast re-run and listen to the first fifteen or twenty minutes presentation by the company's new CEO Amanda Blanc. It has been a long time since I was so impressed by the initial clarity of expression in a large cap corporate turnaround plan...