Activist Cevian reveals 5% Aviva stake and calls for £5bn capital return
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Activist Cevian reveals 5% Aviva stake and calls for £5bn capital return

Samuel Casey
08 June 2021
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Activist investor Cevian Capital has revealed it has built up a stake of almost 5% in Aviva, and called for the insurer to return £5bn ($7.1bn) of excess capital to shareholders in 2022.

The Swedish investment firm said that Aviva had been poorly managed for years, and that the business had the opportunity to save up to £500mn in costs.

"Aviva

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Samuel Casey
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