JC Flowers to acquire majority stake in Italian insurance company – WSJ

The Wall Street Journal reported that Aviva is selling 39% of its stake in Eurovita Assicurazioni to JC Flowers for $44.25 million. The paper also said that Eurovita’s other owner, Banco Popolare, has agreed to sell its entire stake in the company to JC Flowers. No financial terms were disclosed for that exit. Eurovita is an Italian life insurance company.