Aviva, the UK’s second-biggest insurer, will examine the break-up of ING to see if it will yield any acquisition opportunities, according to Andrew Moss, Aviva’s CEO. The Dutch financial services group is selling its insurance and investment management business in order to win European Commission approval for the receipt of state aid. Moss made the remark as Aviva reported an 11% fall in sales in the year to Sept 30  to £27.1bn, on a present value of new business premiums basis.

This entry was posted by Gwen Robinson on Thursday, November 5th, 2009 at 4:37 and is filed under Capital markets, M&A. Tagged with aviva, ing. Edit this entry.