25 May 2017Insurance

Aviva starts £300m share buy-back programme

UK-based insurer Aviva said on May 25 that it will start a share buy-back of its ordinary shares for up to a maximum consideration of £300 million.

Aviva has entered into a non-discretionary agreement with Morgan Stanley to enable the purchase of Aviva ordinary shares by Morgan Stanley, acting as principal, during the period running from 25 May 2017 and ending no later than 15 December 2017.

Shares acquired by Morgan Stanley under the agreement will be simultaneously on-sold to Aviva. To the extent permitted by law, such ordinary shares purchased will be cancelled.

Today’s stories

Aspen appoints new group chief risk officer

Insurers at risk of losing sales pipeline under new data protection laws

Allianz names new global head of aviation

JC Flowers completes acquisition of UK General

TMK launches visual effects and post production media insurance cover

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
10 May 2017   UK insurer Aviva has announced the sale of its 50 percent shareholdings in life insurance and pension joint ventures Unicorp Vida and Caja España Vid, as well as its retail life insurance business Aviva Vida y Pensiones, to Santalucía. The total consideration of the transaction is €475 million.