Aviva’s shares experienced a 10 per cent surge following reports speculating a potential takeover.
This week, ongoing reports have pointed to Aviva as the primary target of a takeover attempt, resulting in rising stock prices and the naming of potential buyers.
The company’s stock rose 9.5 per cent to 425.12p per share, peaking at 428.3p, for a market capitalisation of £11.6bn.
Allianz was previously named as a potential buyer having bought Aviva’s operations in Italy, Poland, and Lithuania in 2021. According to Aviva, the move was to streamline its global footprint, freeing up resources for investment in its primary markets in the UK, Ireland, and Canada.
Intact Financial and Tryg have both also emerged as potential buyers.
