Further to its announcement dated 23 June 2011, Aviva plc has today completed the sale of RAC Limited, the second largest UK roadside assistance provider, to The Carlyle Group for £1.0 billion.
Further to its announcement dated 23 June 2011, Aviva plc has today completed the sale of RAC Limited, the second largest UK roadside assistance provider, to The Carlyle Group for £1.0 billion*.
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Media
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Notes to editors:
About Aviva
- Aviva is the world’s sixth largest insurance group, serving customers across Europe, North America and Asia Pacific
- Aviva’s main business activities are long-term savings, general insurance, and fund management, with worldwide total sales** of £47.1 billion and funds under management of £402 billion at 31 December 2010
- We are the largest insurance services provider in the UK and one of the leading providers of life and pensions products in Europe
- The Aviva media centre at www.aviva.com/media includes images, company and product information and a news release archive
- Follow us on twitter: www.twitter.com/avivaplc
* The headline price is gross of separation costs and certain retained liabilities, and will be subject to customary completion adjustments.
** Based on 2010 published life and pensions PVNBP on a MCEV basis, total investment sales and general insurance and health net written premiums, including share of associates' premiums.