Aviva shares ease back after takeover rumour driven surge
Aviva shares raced ahead by 10% earlier today, as rumours of a takeover swirled, but have since eased off to being 7% up as analysts dampened expectations of a deal.
German giant Allianz, RSA’s Canadian owner Intact and Scandinavian insurer Tryg have all been cited as among the potential interested parties.
A spokesperson for Aviva told Insurance Age it did not comment on speculation.
What might they see in Aviva? Well, the business is forecast to have strong free cash flow and excess capital and its valuation is cheap. Russ Mould
Blog Betaville had issued an ‘uncooked’ alert on Wednesday, suggesting that the insurer was attracting interest from a
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