Aviva gears up for Irish branch sale
Aviva has set Friday 2 March as the deadline for first-round offers for its 26 Irish branches.
According to the Irish Independent, the insurer’s preferred option would be to sell the branches to brokers and that these companies would keep on some of the current staff.
Alternative bids are expected to come from property investors.
Aviva has committed itself to selling at least half, if not all, of its branch operation in the Republic.
First bids are expected by the end of the week, but the process is likely to take several more weeks as Aviva deals with potentially overlapping bids.
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