Sale of Czech, Hungarian & Romanian Life

RNS Number : 9745I

Aviva PLC

01 August 2012

 

1 August 2012

AVIVA COMPLETES SALE OF CZECH REPUBLIC, HUNGARY AND ROMANIA LIFE BUSINESSES

Further to its announcement dated 30 January 2012, Aviva plc has completed the sale of its Czech, Hungarian and Romanian Life businesses to MetLife Inc's local operating subsidiaries in those countries.  Completion of the sale of Aviva's Romanian Pensions business is expected to occur later this year subject to regulatory approval.

This transaction is consistent with Aviva's strategy to focus on fewer business segments, where it can produce attractive returns.

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Enquiries:

Media

Andrew Reid                                                                           [phone]

Rashmi Wehmeier                                                                 [phone]

Analysts

Charles Barrows                                                                     [phone]

David Elliot                                                                              [phone]

Notes to editors:

About Aviva

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

·     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.

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