Aviva investments in UK waste-to-energy go sour
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Aviva PLC's fund management division is placing three UK waste-to-energy incinerator power plants into administration after writing off over £350 million on the investment.
November 20, 2024 | 8:15 am
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Aviva PLC's fund management division is facing financial challenges as it places three UK waste-to-energy incinerator power plants into administration, following a significant write-off.
The decision to place the power plants into administration indicates financial distress in Aviva's investment, likely leading to negative sentiment and potential short-term stock price decline for AVVIY.
CONFIDENCE 90
IMPORTANCE 70
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