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New Deal


Announced

Completed

Sumitomo Life completed the acquisition of a 26% stake in Singlife from Aviva for £800m.

Financials

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Transaction Value£800m
Consideration TypeCash
Capital Owned-
Capital Bid For26%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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life insurance

Singapore

Life Insurance

Acquisition

Minority

Single Bidder

Disposal

Cross Border

Friendly

Private

Completed

Synopsis

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Sumitomo Life, a mutual life insurance company, completed the acquisition of a 26% stake in Singlife, a life insurance company, from Aviva, a multinational insurance company, for £800m. "This is a good outcome for Aviva. The transaction further simplifies the business and we are in a very strong position to build on our trading momentum in the UK, Ireland and Canada," Amanda Blanc, Aviva CEO.

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