Aviva Insurer to Buy Its Rival Business Insurance Firm, Friends Life for £5.6
Insurance giant Aviva is all set to buy Friends Life UK, a firm which has made its success stories over the past years. The deal is finalized in 5.6 billion according to the reports. Aviva has accepted all the terms and conditions of its giant Friends Life, most successful business insurance Reading firm in the UK. If you are looking for business protection in Reading, you must consult an expert before taking it.
Aviva will boost its assets:
After buying the Friends Life, Aviva will get a rapid boost with its assets. The deal will also modify the balance sheet of the firm and it will result in reduction of leverage. As the insurers take the risk in the company's pension scheme, the transaction for Aviva will be more than double which will directly increase the number of assets. If you want a risk free business insurance in Guildford, there are few selected firms on which you can trust.
Stock market valuation:
According to the last week stock market valuation, Friends Life had a 7% drop in the first half; whereas, Aviva was up by 4%. Overall for both the companies when the market was closed on Friday 21st November, the stock market valuation was £20.5 billion. To stay on a safe side, choose the best business insurance firm in Reading. Protect your business now!