Aviva offloads French life insurance holding

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The stake, which Aviva has held since 2004, has been sold to Sogecap, a subsidiary of Société Générale, for a consideration of approximately £425m (€500m) in cash. All regulatory approvals have been received and the trasition is expected to be completed on 1 April. Antarius is owned jointly by Aviva and Crédit du Nord, a separate subsidiary of Société Générale, and this agreement follows Crédit du Nord’s decision in 2015 to exercise its option to purchase Aviva’s shareholding in Antarius. T