Union Financiere de France Banque, Investment Arm cancelled the acquisition of AVIVA Epargne & Conseils from Aviva plc (LSE:AV.)
January 31, 2014
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Union Financiere de France Banque, Investment Arm signed an agreement to acquire AVIVA Epargne & Conseils from Aviva plc (LSE:AV.) for €8 million on January 1, 2014. As a part of the consideration, Union Financiere de France Banque will assume €0.8 million of liabilities. Union Financiere de France will integrate 250 advisors from AVIVA Epargne & Conseils. The administrative board of UFF had authorized the transaction, during its assemblies on November 25, 2013 and December 30, 2013. Ledouble acted as fairness opinion provider for administrative board and the independent administrators of Union Financiere de France.
Union Financiere de France Banque, Investment Arm cancelled the acquisition of AVIVA Epargne & Conseils from Aviva plc (LSE:AV.) on January 1, 2015.
Aviva plc is a United Kingdom-based insurance, wealth, and retirement business company. Its segments include UK & Ireland Insurance, General Insurance, and Aviva Investors, International investments, and Other Operations. The principal activities of UK and Ireland Life operations are life insurance, long-term health and accident insurance, savings, pensions and annuity business. The principal activities of UK & Ireland General Insurance operations are the provision of insurance cover to individuals and businesses for risks associated with motor vehicles, property and liability, and medical expenses. The principal activity of Canada General Insurance operation is the provision of personal and commercial lines insurance products, for risks associated with motor, property and liability distributed through insurance brokers. It also operates Lloyd's platform, encompassing its Corporate Member, Managing Agent, international distribution entities and tenancy rights to Syndicate 1492.
AVIVA PLC 
