Allianz: Απέκτησε την πολωνική θυγατρική της Aviva έναντι 2,5 δισ. ευρώ
Η Aviva PLC ανακοίνωσε ότι συμφώνησε να πουλήσει τη θυγατρική της στην Πολωνία, στην Allianz, έναντι 2,5 δισ. ευρώ σε μετρητά, σε μια συμφωνία που ολοκληρώνει τον επαναπροσδιορισμό του χαρτοφυλακίου της ασφαλιστικής του Ηνωμένου Βασιλείου.
Με την Allianz να αποκτά επίσης το μειοψηφικό ποσοστό στην Aviva Poland που κατέχει η Banco Santander, οι πολωνικές δραστηριότητες αποτιμώνται στα 2,7 δισ. ευρώ, τόνισε η Aviva.
Η συμφωνία αναμένεται να ολοκληρωθεί μέσα στους επόμενους 12 μήνες και υπόκειται στις συνήθεις εγκρίσεις. Η πώληση της πολωνικής θυγατρικής είναι η όγδοη στους τελευταίους αντίστοιχους μήνες, μια διαδικασία που θα αποφέρει συνολικά έσοδα 7,5 δισ. στερλινών (10,3 δισ. δολάρια). Η εταιρεία θα χρησιμοποιήσει τα κεφάλαια από τις πωλήσεις για να στηρίξει το σχέδιο μείωσης του χρέους, τις επενδύσεις για μακροχρόνια ανάπτυξη και την επιστροφή του πλεονάζοντος κεφαλαίου στους μετόχους.
Aviva announces £350m bulk annuity transaction with the trustee of the Co-operative Pension Scheme
Aviva today announces it has completed a £350million bulk purchase annuity buy-in transaction with the Trustee of the Co-operative Pension Scheme (Pace).
This is the second deal of this type between Aviva and the Co-operative Pension Scheme, following a £1billion transaction announced in January this year*, and it was completed using a pre-agreed ‘umbrella contract’ to support a quick and efficient process.
Aviva will insure the defined benefit pension liabilities of an additional 2,300 members, removing the investment and longevity risk of these members from the Scheme. Members will see no change in the amount of their benefits or the way in which they are paid as a result of the transaction, which forms part of the Trustee’s de-risking strategy.
The process to select an insurer and negotiate terms was led by Aon on behalf of the Trustee. The Trustee received legal advice from Linklaters and investment advice from Mercer.
Tom Ground, Managing Director of Annuities and Equity Release at Aviva, said:
“We are delighted to have completed a second transaction this year with the Co-operative Pension Scheme. All parties have been closely monitoring pricing, given that current market conditions presented potential opportunities for the scheme. The transaction was completed in under two weeks from start to finish, with the existing ‘umbrella contract’ allowing the parties to transact smoothly and quickly.”
“As the UK’s largest multi-line insurer, Aviva has the expertise and capability to support a wide variety of schemes on their de-risking journey”.
Chris Martin of Independent Trustee Services Limited, the chair of the Co-operative Pension Scheme’s Trustee, said:
“The Trustee Board is delighted to have been able to take this further step in enhancing the security of our members’ benefits.
“The ability to transact this quickly and efficiently is testament to all of the hard work from our colleagues in the Co-op Pensions Department in getting Pace to a position where such security enhancing options are possible. Thanks also go to all of our advisers for their work in exceptionally challenging circumstances in making this outcome possible”.
Gary Dewin, Director of Reward for the Co-op, said:
“We’re pleased to have been able to take this opportunity, built on the ability and experience of our Pensions Team and Trustee Board together with the relationship we’ve established with Aviva, to further improve the strength of the scheme for its members.”
Tom Scott, Principal Consultant in Aon’s Risk Settlement Group, said:
“By leveraging the previous buy-in transaction with Aviva, we were able to capture a short-term pricing opportunity on behalf of the Trustee. Swift execution was required in the circumstances, which was made possible by the Scheme being well-prepared and having efficient and nimble governance processes in place.”
Aviva Italy donates €200k to Milan Municipality
Aviva Italy supports the Mutual Aid Fund, founded by Giuseppe Sala, Mayor of Milan. The aim of the fund is to help those who are facing the hardest difficulties caused by the economic and health emergency relating to Covid-19.
Aviva Italy, a company present in Italy for almost a century, has stepped in to support the city of Milan by donating €100,000 to the municipality, joining the Milanese Mayor in the Mutual Aid Fund.In addition to that, Aviva Italy has collected another €100,000 through the voluntary participation of employees who have donated their holiday days, reaching a total of €200,000 to support the cause of the Mutual Aid Fund.
“We are very close to the city of Milan and are extremely proud to express our commitment, to guarantee a better tomorrow, to those facing the hardest difficulties caused by the emergency we are experiencing.”
“As a company that has operated in Italy’s financial sector for almost a century, we strongly believe that the economy is the true motor of the development of the country and of a dynamic city like Milan – comments Ignacio Izquierdo, CEO of Aviva Italy.
“For this reason, we wish that Milanese professionals and owners of SME will not be forced to leave their activities, that represent a significant source of profits for their families and for the socio-economic environment.
“Our thoughts and commitment go in this direction, with the hope of helping Milan to overcome this difficult moment and write an even more successful history of the city.”
The fund instituted by the Mayor Sala, aims to support the recovery of the economy and citizen’s activities, in addition to the €3 million already allocated by the city council. Citizens, companies and associations willing to help are being encouraged to donate to the fund.