Skip to content

Allen & Overy advises Aviva in the sale of Aviva Vita to UBI Banca

Related people
Ghiglione Paolo
Paolo Ghiglione



View profile →

Savo Giorgio
Giorgio Savo



View profile →

Press contacts

For media enquiries relating to this topic, please contact:

Image of Cristina Canepone
Cristina Canepone

PR & Communications Manager


View profile →

24 November 2020

Allen & Overy, with a team led by partner Paolo Ghiglione and associate Giorgio Savo, has advised Aviva in the sale of its entire 80% shareholding in the Italian life insurance joint venture Aviva Vita S.p.A. to its partner UBI Banca.

On completion of the transaction, expected in 2021 and subject to customary closing conditions including regulatory approval, Aviva will receive c.EUR400 million in cash consideration and, in addition, the repayment in full of a EUR40 million subordinated loan provided by Aviva Italia Holding S.p.A. to Aviva Vita.

Related expertise