US$3.2 billion merger of the insurance businesses of Aviva Singapore and Singapore Life Pte. Ltd.

A&G News 5 October 2020

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.