Activist investor turns screw on Aviva by going public - News Summed Up

Activist investor turns screw on Aviva by going public


Rugby action from the Aviva Stadium in Dublin. Amanda Blanc, boss of the FTSE-100 insurer, has been urged by Cevian Capital to take a more aggressive stance on cost-cuttingAmanda Blanc was just weeks into her new job as chief executive of Aviva when Europe’s biggest activist investor came calling. Blanc, 53, took charge of the FTSE 100 insurer last July and it is understood that she held her first video meeting with Cevian Capital in September. It then secretly began to build a stake in the British group earlier this year. Yet what started as a private engagement between the two sides exploded into the open yesterday when Cevian revealed to other investors that it had amassed a stake of


Source: The Times June 08, 2021 15:56 UTC



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