Aviva in €130m takeover bid of rivals Friends First

Insurance giant Aviva has swooped for rival Friends First in a €130 million bid that would make it one of Ireland’s largest insurers.

Insurance giant Aviva has swooped for rival Friends First in a €130 million bid that would make it one of Ireland’s largest insurers.

While the deal still needs to win the backing of regulators, Aviva expects the takeover to be completed by the first quarter of next year.