Completion of sale of Malaysian joint venture

RNS Number : 2126C

Aviva PLC

12 April 2013

 



12 April 2013

Completion of sale of stake in Malaysian joint venture

Aviva plc ("Aviva") announces the completion of the sale of its 49% interest in CIMB Aviva Assurance Berhad and CIMB Aviva Takaful Berhad (together "CIMB-Aviva") to Sun Life Assurance Company of Canada ("SLA"), a subsidiary of Sun Life Financial Inc. ("Sun Life"), for £152 million. The completion of the transaction represents further progress in the group's strategy to narrow its focus and concentrate on businesses and markets where Aviva enjoys leadership positions and is able to generate attractive returns with a high probability of success.

Enquiries:

Media

Andrew Reid                          [phone]

Sarah Swailes                       [phone]

Notes to editors:

·     Aviva provides 43 million customers with insurance, savings and investment products.

·     We are the UK's largest insurer and one of Europe's leading providers of life and general insurance.

·     We combine strong life insurance, general insurance and asset management businesses under one powerful brand.

·     We are committed to serving our customers well in order to build a stronger, sustainable business, which makes a positive contribution to society, and for which our people are proud to work.

·     The Aviva media centre at www.aviva.com/mediaincludes images, company and product information and a news release archive.

·     For broadcast-standard video, please visit http://www.aviva.com/media/video/.  

·     Follow us on twitter: www.twitter.com/avivaplc

 

END

 

 

DISLIFSRSAIFLIV