Macif emerges favourite to acquire $3.6bn Aviva France unit operations
(MENAFN - Gulf Times) French mutual insurer Macif has emerged as the frontrunner to acquire Aviva Plc's insurance operations in the country, according to people familiar with the matter. Macif is seen as the most suitable buyer because it's a local player, the people said. The unit could fetch more than €3bn ($3.6bn), according to the people, who asked not to be identified because the information is private. The company is competing against French private equity firm Eurazeo SE, said the people. Eurazeo was a latecomer to the auction and there could be some hesitation to sell to private ...
Source: menafn.com