Aviva To Expand US Reach With River Road Buy

Law360, New York (January 5, 2010, 2:24 PM EST) -- The asset management arm of British insurance company Aviva PLC announced Tuesday that it will purchase all shares of Louisville, Ky.-based equity management firm River Road Asset Management LLC for an undisclosed price.

Aviva Investors, which manages £381 billion ($549 billion) in total assets, said in a news release Tuesday that the move will provide investors with “a strategically important U.S. equity investment capability.”

River Road, with $3.6 billion in assets under management and about $6 billion in gross assets, supports Aviva Investors' expanding third-party asset...
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