Allen & Gledhill advised Aviva Group Holdings Limited (“Aviva”) on the US$3.2 billion merger of the insurance business of Aviva Singapore with the insurance business of Singapore Life Pte. Ltd. (“Merger”).
Aviva will retain a 25% equity shareholding in the merged business.
The Merger is one of the largest in the South-east Asian insurance sector and the largest in Singapore.
Advising Aviva were Allen & Gledhill Partners Michele Foo, Catherine Neo and Glenn Foo.