LONDON Dec 21 Aviva, Britain's No. 2
insurer, said it had agreed to sell its operation in the United
States for $1.8 billion, the biggest disposal so far in a
retrenchment aimed at boosting its underperforming share price.
Aviva USA Corporation, a provider of life insurance and
annuities, is being bought by Athene Holding, an insurance
holding company majority owned by private equity firm Apollo,
Aviva said on Friday.
The sale forms part of a plan launched by Aviva in July to
sell or close 16 businesses that tie up over a third of the
insurer's capital while contributing just 18 percent of
Aviva shares were 1.1 percent higher at 1020 GMT,
outperforming the FTSE 100 share index, which was down