Aviva PLC Aviva Completes Sale of Spanish Business (8567Q)
September 15 2017 - 2:10AM
UK Regulatory
TIDMAV.
RNS Number : 8567Q
Aviva PLC
15 September 2017
15 September 2017
AVIVA COMPLETES SALE OF SPANISH BUSINESSES
Aviva plc ("Aviva") announces that it has completed the sale of
its 50% shareholding in life insurance and pension joint ventures
Unicorp Vida[1] and Caja España Vida[2], as well as its retail life
insurance business Aviva Vida y Pensiones[3], to Santalucía[4].
Total consideration of the transaction is EUR475m (GBP424m). This
follows the announcement of the sale by Aviva on 10 May 2017.
In Spain, Aviva continues to hold shareholdings in life
insurance joint ventures with Caja Granada and Cajamurcia, both
part of Banco Mare Nostrum, and Pelayo Group[5].
-ends-
Enquiries:
Media
Yasmin Saleh +44 (0)20 7662 8710
Analysts
Chris Esson +44 (0)20 7662 8115
Diane Michelberger +44 (0) 20 766 20911
Notes to editors:
-- Proceeds converted to GBP at an exchange rate of EUR1.12/GBP1
About Aviva
-- Aviva provides life insurance, general insurance, health
insurance and asset management to 33 million customers, across 16
markets worldwide.
-- In the UK we are the leading insurer serving one in every
four households and have strong businesses in selected markets in
Europe, Asia and Canada. Our shares are listed on the London Stock
Exchange and we are a member of the FTSE100 index. Aviva's asset
management business, Aviva Investors, provides asset management
services to both Aviva and external clients, and currently manages
over GBP340 billion in assets. Total group assets under management
at Aviva group are GBP450 billion.
-- Aviva helps people save for the future and manage the risks
of everyday life; we paid out GBP34.4 billion in benefits and
claims in 2016. By serving our customers well, we are building a
business which is strong and sustainable, which our people are
proud to work for, and which makes a positive contribution to
society.
-- The Aviva media centre at http://www.aviva.com/media/
includes company information, images, and a news release
archive.
-- For an introduction to what we do and how we do it, please click here http://www.aviva.com/about-us/aviva/
-- For broadcast-standard video, please visit http://www.aviva.com/media/b-roll-library/
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the latest corporate films from around our business, subscribe to
our YouTube channel: www.youtube.com/user/aviva
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booking.
[1] Unicorp Vida Compañía de Seguros y Reaseguros, S.A. is a
50-50 joint venture with Unicaja Banco
[2] Caja España Vida Sociedad de Seguros y Reaseguros, S.A. is a
50-50 joint venture with Caja España, now part of Banco Ceiss
[3] Including Aviva Vida y Pensiones' fund management subsidiary
Aviva Gestión Sociedad Gestora de Instituciones de Inversión
Colectiva, S.A.
[4] Santa Lucía, S.A, Compañía de Seguros y Reaseguros
[5] Legal entity names: Caja Granada Vida de Seguros y
Reaseguros, S.A.; Caja Murcia Vida y Pensiones de Seguros y
Reaseguros, S.A.; Banco Mare Nostrum, S.A.; Pelayo Vida Seguros y
Reaseguros, S.A.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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