Partly Cloudy

Partly Cloudy

max temp: 8°C

min temp: 6°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.

shares

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.”

shares

0 comments

Charity evening on the ice at Winter Wondeland in Colchester

Suppliers, small businesses and individuals have “little chance” of getting any of the quarter of a million pounds they are owed from the collapse of Colchester’s outdoor ice rink.

Keith Norman, Fred. Olsen Cruise Lines’ business development manager (back row, centre) launches the company'’s sponsorship of Suffolk FA’s Walking Football initiative at Whitton Sports Centre in Ipswich.

Fred. Olsen Cruise Lines has become a sponsor of Suffolk FA’s Walking Football initiative.

Sam Parnell and Max Shelley of Measured Brilliance

Digital Marketing ‘meetup’ group SIMS teams up with Measured Brilliance and Ipswich Borough Council to help businesses in 2016.

developer John Howard

Town centre homes plans for important Ipswich town centre site close to the Waterfront

Matt Hampson
, founder of the Matt Hampson Foundation, which is being supported by Adnams through sales of its limited edition beer Prop Hop.
Photo: Jason Bye

Southwold brewer Adnams has reintroduced its limited edition beer Prop Hop to coincide with the start of this year’s Six Nations rugby championship.

Most read

Fred Olsen Travel Sale

cover

Click here to view
the Fred Olsen
Travel Sale

View

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24