Yesterday, the British insurer Aviva announced that it would raise over £1.3 billion through a partial flotation of Delta Lloyd, its Dutch subsidiary.
Aviva aims to float between 30 and 40% of Delta Lloyd by next month on the Euronext stock exchange in Amsterdam. Aviva owns 92% of the Dutch group, which is valued at about £4 billion, and its market value at flotation is expected to be similar to this amount. The IPO (Initial Public Offering) would allow Britain’s largest insurer to reallocate capital and to make acquisitions in both the UK and overseas; for Delta Lloyd the new shareholder base would further bolster growth in the Benelux region.
Times Online
Fran De Vriendt
Aviva aims to float between 30 and 40% of Delta Lloyd by next month on the Euronext stock exchange in Amsterdam. Aviva owns 92% of the Dutch group, which is valued at about £4 billion, and its market value at flotation is expected to be similar to this amount. The IPO (Initial Public Offering) would allow Britain’s largest insurer to reallocate capital and to make acquisitions in both the UK and overseas; for Delta Lloyd the new shareholder base would further bolster growth in the Benelux region.
Times Online
Fran De Vriendt
1 opmerking:
fine text - but heavily inspired by the source text, I suspect...
Een reactie posten