Sponsored Links

BRIEF-Aviva sells 49 pct stake in Malaysian JV to Sun Life

Related Topics

LONDON | Thu Jan 17, 2013 5:28am EST

LONDON Jan 17 (Reuters) - Aviva PLC : * Aviva announces sale of malaysian joint venture * Reached agreement to sell its 49% interest in cimb Aviva assurance berhad and

cimb Aviva takaful berhad * A consideration of £152 million 1 payable in cash * Transaction will increase aviva's pro forma economic capital surplus coverage

ratio by approximately 2% to 171% * Parties will work to close the proposed transaction during the first half

2013. * To sell stake to Sun Life assurance company of Canada ("sla"), a subsidiary

of Sun Life Financial Inc

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.