August 25, 2017 / 7:06 AM / a month ago

BRIEF-Aviva says Aviva Italia to sell Italian joint venture to Banco BPM

Aug 25 (Reuters) - AVIVA PLC:

* AVIVA TO SELL ITALIAN JOINT VENTURE TO BANCO BPM

* AVIVA ITALIA HOLDING SPA EXERCISED AN OPTION TO SELL ITS ENTIRE 50% SHAREHOLDING IN ITS JOINT VENTURE IN ITALY, AVIPOP ASSICURAZIONI S.P.A. AND SUBSIDIARY AVIPOP VITA S.P.A. TO BANCO BPM S.P.A

* PROCEEDS WILL BE RECEIVED IN CASH ON COMPLETION

* JOINT VENTURES IN ITALY WITH UBI, UNICREDIT, AS WELL AS BUSINESS UNITS AVIVA LIFE S.P.A. AND AVIVA ITALIA S.P.A. ARE UNAFFECTED Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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