Response to Media Speculation

RNS Number : 7191T

Aviva PLC

18 November 2019

 

Aviva plc statement on Asia strategic review

Aviva plc ("Aviva") notes recent media speculation regarding its Asian businesses. Following a thorough review of options for the Singapore business, including seeking offers for the business, Aviva has concluded that the best value for shareholders will be achieved by retaining the business.

Aviva can also confirm that its joint venture in China will be retained, given the scale of the market, excellent relationship with its partner COFCO and the high growth prospects.

Aviva's Singapore and China business units delivered double digit operating profit growth in 2018 and are earning attractive returns. Both countries are expected to pay dividends to group centre in 2019.

Aviva is continuing to explore strategic options for its operations in Hong Kong, Vietnam and Indonesia, with its respective partners in each country.

ENDS

 

END

 

 

RSPGGGGGGUPBURR