Partly Cloudy

Partly Cloudy

max temp: 18°C

min temp: 10°C

ESTD 1874 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

Concrete manufacturer Poundfield Products plans to expand after clinching £1m in funding.

A precast concrete firm has cemented a £1m investment deal to boost its manufacturing operation.

Grain handling at the Port of Ipswich.

The 2015 Port Freight statistics released by the Department for Transport (DfT) yesterday (Thursday, September 22) show that ABP’s Port of Ipswich is once again the UK’s leading export port for agricultural products.

Sports Direct of Dave Forsey, who has resigned as chief executive of Sports Direct with Mike Ashley replacing him, the retailer said.

Longstanding Sports Direct chief executive Dave Forsey has resigned from the retailer, with Mike Ashley replacing him.

iMarketing  team members Samantha Porter, HR manager, Rachel Manning, director, Ron Clint, technical director, Judy Geater, SEO executive, and Amanda Cresswell, office manager celebrate the firm's milestone.

‘Oldest’ SEO firm celebrates a milestone

hobbycraft new store opening at Bristol Imperial Park , A hobbycraft store is due to open at Martlesham early in October.

More than 263 applications for 20 jobs at new store

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24