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Cevian Capital pushes stake in Aviva above 5%

Cevian Capital pushes stake in Aviva above 5%
Cevian Capital pushes stake in Aviva above 5%   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – Activist investor Cevian Capital has pushed its stake in insurer Aviva above 5%, according to a stock exchange filing on Wednesday.

Cevian said in June it had built up a 4.95% stake in the insurer, which has sold off several businesses in the past year. Cevian said it wanted to see Aviva return five billion pounds ($6.86 billion) of excess capital to shareholders.

Cevian’s shareholding reached 5.02% on Aug 20, the filing showed.

($1 = 0.7290 pounds)