Aviva Gains as Sale of U.S. Unit Generates Extra Proceeds
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Aviva Plc rallied to a two-week high in London trading after it sold its U.S. business to Apollo Global Management LLC for a higher-than-expected $2.6 billion.
The stock climbed 1.4 percent to 413.1 pence, the highest level since Sept. 19, extending gains this year to 11 percent. Aviva said in December that the life-insurance and annuities business was priced at $1.8 billion when the companies agreed the deal.