Apollo eyes Aviva U.S. life insurance unit - report
(Reuters) - Private equity firm Apollo Global Management (APO.N) is the lead bidder for Aviva Plc's (AV.L) U.S. life insurance and annuities business, according to a report on Wednesday.
Apollo has teamed up with Guggenheim Partners LLC for the bid, Bloomberg said, and will likely beat out Philip Falcone's Harbinger Group Inc (HRG.N) for the unit.
Aviva, Britain's second-biggest insurer, is trying to sell 16 underperforming businesses as it seeks to get out of less profitable markets.
The company, which sells home and auto insurance as well as life and savings polices across Europe, said total sales fell 5 percent to 28.9 billion pounds ($46 billion) in the first nine months.
(Reporting By Olivia Oran; Editing by Steve Orlofsky)
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.