Aviva shares jump 8% as Times cites takeover talk
Reuters
Published Oct 06, 2023 08:58
Updated Oct 06, 2023 09:21
LONDON (Reuters) -Shares in Aviva (LON:AV) shot up almost 9% on Friday, after Britain's Times newspaper cited talk of a possible takeover of one of the UK's largest insurers by a foreign buyer.
Aviva declined to comment when contacted by Reuters.
By 0752 GMT, shares in the company were up 8.5% at 421 pence, heading for their biggest daily rise since August 2022, giving it a market value of around 11 billion pounds. ($13.41 billion)
The Times cited "chatter that refused to die down".
Last month, Aviva said it had agreed to buy UK life insurance business of AIG (NYSE:AIG) for 460 million pounds($563 million), in the largest acquisition to date by its CEO, Amanda Blanc.
($1 = 0.8201 pounds)
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Written By: Reuters
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