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Aviva PLC: Completion of sale of Malaysian joint venture


Aviva PLC: Completion of sale of Malaysian joint venture

LONDON -- (Marketwired) -- 04/12/13 -- *T

12 April 2013

Completion of sale of stake in Malaysian joint venture

Aviva plc ("Aviva") announces the completion of the sale of its 49% interest in CIMB Aviva Assurance Berhad and CIMB Aviva Takaful Berhad (together "CIMB-Aviva") to Sun Life Assurance Company of Canada ("SLA"), a subsidiary of Sun Life Financial Inc. ("Sun Life"), for GBP152 million. The completion of the transaction represents further progress in the group's strategy to narrow its focus and concentrate on businesses and markets where Aviva enjoys leadership positions and is able to generate attractive returns with a high probability of success. Enquiries:

Media

Andrew Reid +44 (0)20 7662 3131 Sarah Swailes +44 (0)7800 694859 Notes to editors:

* Aviva provides 43 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

This information is provided by RNS

The company news service from the London Stock Exchange

END


 
 
 
Contacts:
RNS
Customer Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com

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