Aviva and Friends Life agree takeover

Published on

By Kevin Rose
Aviva

Aviva

Aviva is looking to buy Friends Life Group.

The two financial services firms have come to an agreement which would value Friends Life at around £5.6 billion.

It would create the UK largest pension provider by customer numbers, with 16 million customers in the UK.

It is understood the all-share bid would be at the 399p per Friends Life share level.

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