a sells BSM to Arques Industries AG

a sells BSM to Arques Industries AG

Aviva plc (”Aviva”) today announces that it has sold the British School of Motoring Limited and its subsidiaries (”BSM”) to Arques Industries AG. The gross assets of the business, which is one of the UK’s leading driving schools, total £36 million.*

Aviva acquired BSM - which operates a franchised network of around 2,700 driving instructors - as part of the purchase of RAC plc in 2005.

Aviva’s UK general insurance CEO, Igal Mayer, said: “This sale is part of our on-going programme to transform our UK general insurance business through an increased focus on our core insurance and vehicle breakdown activities, allowing us to provide a first-rate service to our customers. I’m delighted that we’ll continue to have a working relationship with BSM in the future through a long-term arrangement to market our insurance products to BSM’s customers.”

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