Aviva to Hand Investors $5.5 Billion Following Asset Sales
- Payout will start with an immediate 750 million pound buyback
- The balance will be distributed by end of second half of 2022
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Aviva Plc plans to return at least 4 billion pounds ($5.5 billion) to investors using proceeds from the recent sale of non-core businesses.
The U.K.-based insurer and asset manager will start with an immediate 750 million pound share buyback, and the balance will be returned to investors by the end of the first half of 2022, Aviva said in an earnings statement Thursday.