Insurance group Aviva PLC (AV.LN) Monday reported the sale of Aviva Czech Life, Aviva Hungary Life and Aviva Romania Life & Pensions, or the businesses, to MetLife Inc (MET).

MAIN FACTS:

-Transaction is consistent with Aviva's strategy to focus on markets where it has strength and scale.

-Transaction is expected to be completed during 2012.

-As at June 30, 2011, the combined net assets of the businesses were EUR57 million.

-Shares of Aviva at 0915 GMT down 10 pence, or 2.8%, at GBP3.458.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com

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