LONDON--Insurance firm Aviva PLC (AV) said Wednesday it has completed the sale of its Czech, Hungarian and Romanian Life businesses to MetLife Inc's (MET) local operating subsidiaries in those countries.
-Completion of the sale of Aviva's Romanian Pensions business is expected to occur later this year subject to regulatory approval.
-Transaction is consistent with Aviva's strategy to focus on fewer business segments, where it can produce attractive returns.
-Shares at 0700 GMT up 2 pence, or 0.75%, at 294 pence valuing the company at 8.51 billion pounds.
-Write to Ian Walker at firstname.lastname@example.org
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