Multinational British insurance giant Aviva is reportedly in the process of selling its operations in France and Poland as the company attempts to refocus on core operations in Britain, Ireland, and Canada.
Aviva is setting a February deadline to have all offers in, as the company is targeting the end of the first quarter to have the terms of the deal agreed upon. The French segment is expected to fetch as much as $4.3 billion while the Polish segment could go for up to $2.4 billion.
While these two sales could be some of Aviva’s largest divestitures, it is not the first. The company has already pulled out of Turkey and is reviewing JVs in India and Indonesia. It’s also currently in the process of selling its Italian segment.