Aviva eyes small overseas asset-management acquisitions
19 JUN 2017
Aviva [LON:AV], the UK-based insurer, is keen on acquisitions in asset management space, CEO Maurice Tulloch said in a Daily Telegraph interview.
The company is not interested in huge deals but is attracted to bolt-ons, particularly outside the UK, Tulloch said.
When asked about potential disposals overseas, he said all the international units have significant growth potential and are therefore unlikely to be sold. However, he added that it would be his duty to consider any significant offers were they to be received, the item reported.
The CEO would not want the business to re-enter any markets it had previously left.
Aviva has a market cap of GBP 21.8bn (USD 27.9bn).
The original report appeared in The Daily Telegraph, Business section, page 5.