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AV. Aviva Plc

457.20
1.70 (0.37%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aviva Plc LSE:AV. London Ordinary Share GB00BPQY8M80 ORD 32 17/19P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.70 0.37% 457.20 458.60 458.80 460.90 455.80 459.50 18,893,360 16:35:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Insurance Carriers, Nec 41.43B 1.09B 0.3962 11.57 12.56B

Witan Investment Trust to Buy Back Friends Life Stake

28/04/2016 11:22am

Dow Jones News


Aviva (LSE:AV.)
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By Tapan Panchal

 

LONDON--Witan Investment Trust PLC (WTAN.LN) said Thursday that it has conditionally agreed to buy back Friends Life Ltd.'s entire 15.8% stake in the company.

The investment trust has agreed in principle with Aviva Investors Global Services Ltd. to purchase Friends Life's entire holding of 31.64 million Witan shares. Aviva Investors is acting as investment manager for Friends Life.

The repurchase by Witan is conditional on shareholder approval and will be made at a price equivalent to a discount of 6.5% to the prevailing published net asset value of Witan.

Friends Life is a part of FTSE100 listed insurance company Aviva PLC (AV.LN).

Shares of Witan at 0933 GMT traded 1.9% lower at 769 pence.

 

Write to Tapan Panchal at tapan.panchal@wsj.com

 

(END) Dow Jones Newswires

April 28, 2016 06:07 ET (10:07 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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