Aviva confirms Friends Life bid plans in £5.6bn move

takeover-briefcases

Deal would be structured on a share swap basis.

Aviva is expected to make a formal offer to acquire all of the ordinary share capital of Friends Life which is leading player in the UK life and pensions market.

The board of Friends Life has indicated to Aviva that it is willing to recommend the key financial terms of a possible offer to its shareholders subject to reaching agreement on other terms and conditions.

Aviva, while not having yet made a firm bid, confirmed that if it went ahead it would acquire the entire ordinary share capital of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: