Overcast

Overcast

max temp: 12°C

min temp: 10°C

Search

East Anglia: Insurance group Aviva agrees Malaysian disposal

11:27 17 January 2013

Aviva has agreed a £152m deal to sell its stake in its Malaysian business

Aviva has agreed a £152m deal to sell its stake in its Malaysian business

© ARCHANT NORFOLK 2010

INSURANCE giant Aviva has today announced a £152million deal to sell its stake in a Malaysian business.

The sale to Sun Life Assurance of Canada, part of the Sun Life group, which still needs to be agreed by the regulator, is the latest move in a sale of assets including businesses in America, Holland and Spain as part of its transformation strategy to narrow its focus on its best performing parts of the business.

Mark Wilson, chief executive at Norwich-based Aviva plc, said: “This is a good deal at an attractive valuation. The sale realises a strong return for our shareholders and is a tangible step in our journey towards a more focused, higher performing organisation.

“Together with the recent disposal of our remaining stake in Delta Lloyd, this has been a satisfactory start to the year.”

Search hundreds of local jobs at Jobs24

0 comments

The Dijksgracht, the largest vessel ever to call at the Port of Ipswich, passing under the Orwell Bridge.

The Port of Ipswich has hailed a record 2016, with the tonnage of ships calling at the port increasing by 13% year-on-year.

Sajid Javid, secretary of state for communities and local government. Picture: Anna Gowthorpe/PA Wire

The government has dismissed claims that cabinet ministers underestimated business rates rises by 5-7% in a letter to Conservative MPs as “nonsense”.

The 7 More London Riverside development.
Picture: PWC

A state-of-the-art office development that involved the expertise of a Colchester-based property and construction consultancy has been shortlisted for an international sustainable building award.

Jo Salter of Ipswich-based Where Does it Come From? ethical clothing business meets retail entrepreneur and former TV Dragon Theo Paphitis

Retail entrepreneur and former TV Dragon, Theo Paphitis has provided a big boost for two ethical Suffolk businesses.

From left, front row,  Jim Carr, Bruce Burgoyne and Paul Mackman; back row,  Natasha Clarke, James Royce, Kerrie Scott, Soph Simmonds and Amanda Ansell of Sudbury-based Mackman

East Anglian branding and marketing agency Mackman says it is looking forward to another bumper year after achieving a 35% increase in business during 2016.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24