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Business & Finance - Money & Banking - 2021-02-24
Aviva pushes back bid deadline for Polish unit over Santander contract
Money & Banking

Aviva pushes back bid deadline for Polish unit over Santander contract

  • Germany's Allianz is also in the race after missing out on Aviva's French business, which was snapped up by mutual insurer Aema Groupe for 3.2 billion euros on Tuesday, the sources said.
  • Aviva, which initially requested binding offers by Feb. 26, needs more time to renegotiate a bancassurance partnership in Poland with Santander, the sources said.
Published 24 Feb, 2021 09:25pm
Greece's NBG management backs sale of insurance arm to CVC
Money & Banking

Greece's NBG management backs sale of insurance arm to CVC

  • "Discussions with CVC have been concluded. The bank's management and board agree that the sale of the insurance arm to CVC should proceed," the banker told Reuters, declining to be named.
  • "NBG is awaiting the stance of the HFSF on the issue. The HFSF fund will need the advice of an independent investment adviser on the sale," the banker said.
Published 24 Feb, 2021 07:30pm