Completion of settlement with JV partner Bankia

RNS Number : 0600D

Aviva PLC

24 April 2013

 



24 April 2013

COMPLETION OF SETTLEMENT WITH SPANISH PARTNER BANKIA

Aviva plc ("Aviva") announces that it has received €608¹ million in cash from Bankia S.A. ("Bankia") following settlement and transfer of its entire holding in Spanish joint venture Aseval to Bankia.

The completion on this transaction demonstrates the delivery of our strategic imperatives and improves our liquidity and capital position.

Enquiries:

Media

Yasmin Saleh                                                                          [phone]

Sarah Swailes                                                                         [phone]

Analysts

David Elliot                                                                              [phone]

Notes to editors:

·     Aviva provides 34 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

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1 Total cash proceeds converted to sterling at an exchange rate of €1 / £0.81 represent £495m

 

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