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Aviva 'eyes' Co-operative takeover

Insurance giant Aviva is based in Norwich. Credit: Chris Radburn/PA Wire/Press Association Images

Norwich-based insurance giant Aviva is reportedly eyeing a £650 million takeover of The Co-operative's insurance business.

Aviva is among a number of firms considering bidding after the Co-op put the division up for sale last month to raise cash to plug a capital shortfall - which is threatening its swoop for 632 Lloyds Banking Group branches, according to The Sunday Times.