Aviva PLC
08 February 2007
News release
8 February 2007
DELTA LLOYD PLANS TO ACQUIRE ERASMUS GROEP B.V.
Aviva plc ('Aviva') announces that its Dutch business, Delta Lloyd Group ('Delta
Lloyd'), has today announced that it plans to acquire Erasmus Groep B.V. ('
Erasmus'), based in Rotterdam, from Wustenrot & Wurttembergische AG, based in
Stuttgart, Germany.
The acquisition of Erasmus is in line with Delta Lloyd's ambition to further
strengthen its position in the Dutch insurance market. Erasmus' expertise in
general insurance fits well with the activities of Delta Lloyd General, and the
life activities form an excellent addition to the portfolio of Delta Lloyd Life
Insurance, thus reinforcing Delta Lloyd's intermediary activities.
Erasmus had gross assets of €983 million and net assets of €44 million as at 31
December 2005. Erasmus gross premium income was €228 million for the year ended
31 December 2005, with general insurance accounting for approximately 55% and
life for 45%.
Henk Raue, member of the Executive Board for Delta Lloyd Group with
responsibility for Delta Lloyd Insurance, commented: 'The acquisition of Erasmus
will enable us to strengthen Delta Lloyd's position in the Dutch life and
general insurance market and complements the existing proposition of Delta Lloyd
Insurance.'
The acquisition will take effect retrospectively from 1 January 2007, subject to
the approval of the Dutch regulator, the relevant works councils and
notification to the relevant competition authorities.
- ends -
Enquiries:
Analysts:
Charles Barrows, investor relations director +44 (0)20 7662 8115
Media:
Hayley Stimpson, director of external affairs +44 (0)20 7662 7544
Vanessa Booth, group media relations manager +44 (0)20 7662 2482
Rob Bailhache, Financial Dynamics +44 (0)20 7269 7200
Notes to editors:
• Aviva plc is the world's fifth-largest insurance group
and the UK's largest insurance services provider (based on gross worldwide
premiums at 31 December 2005), and is one of the leading providers of life and
pension products to Europe, with substantial positions in other markets around
the world.
• Aviva's principal business activities are long-term
savings, fund management and general insurance, with worldwide total sales of
£35 billion and assets under management of £322 billion at 31 December 2005.
• The Aviva media centre at www.aviva.com/media includes
images, company and product information and a news release archive.
This information is provided by RNS
The company news service from the London Stock Exchange
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