Partly Cloudy

Partly Cloudy

max temp: 5°C

min temp: 1°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

Greene King's latest survey of leisure spending shows households spent more on eating and drinking out last Christmas.

Britons pushed the boat out over the festive period, spending more on eating and drinking out of the home compared with a year earlier, according to the latest Greene King Leisure Spend Tracker report.

Ipswich estate agent Tom Orford who is running the London Marathon in April  to raise funds for The Lymphoma Association cancer charity

Ipswich-based estate agent Tom Orford is taking on his greatest sporting challenge - to raise money for The Lymphoma Association.

Employees at Richard Western Ltd near Framlingham have been studying for a Business Improvements NVQ. They all met the required standard.

A Suffolk factory has reported improved output after all its staff were enrolled on an 18-month team-building course.

Royal Mail has revealed a sharp drop in letter mailing in the busy festive season, leaving the number of addressed letters down 6% in the nine months to December 25.
Photo: Andrew Milligan/PA Wire

Royal Mail has revealed a sharp fall in letter mailing during the busy festive season, blaming business worries over Brexit hitting marketing post.

Community leaders fear the park and ride will bring more traffic into Wickham Market. Credit: Mike Page

Park and ride proposals linked with Suffolk’s new nuclear power station are anticipated to more than double traffic volumes through parts of a village – causing “extreme concern” for residents.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24