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Aviva says considering 'bolt-on' acquisitions in Poland

Reuters - UK Focus

LONDON, Aug 6 (Reuters) - British insurer Aviva (Other OTC: AIVAF - news) is considering small acquisitions in markets such as Poland, where it recently bought a financial advisory group, an Aviva (Amsterdam: AW8.AS - news) spokesperson said on Thursday.

Chief executive Mark Wilson told analysts following the firm's results that Aviva may consider "bolt-on acquisitions in certain markets, like Poland where we have trapped capital", an Aviva spokesperson said in an email.

Aviva bought Expander Advisors, the second largest network of independent financial advisors in Poland, in May for an undisclosed sum.

Aviva reported forecast-beating half-year operating profit on Thursday.

The insurer also said on Thursday it was increasing its stake in its Indian insurance joint venture to the maximum 49 percent. (Reporting by Carolyn Cohn; editing by Simon Jessop)