Aviva PLC Aviva completes sale of Hong Kong joint venture (2263I)
December 10 2020 - 6:30AM
UK Regulatory
TIDMAV.
RNS Number : 2263I
Aviva PLC
10 December 2020
10 December 2020
Aviva completes sale of Hong Kong joint venture
Aviva plc ("Aviva") today announces that it has completed the
sale of its entire shareholding in its Hong Kong joint venture,
Aviva Life Insurance Company Limited(1) ("Blue"), to its joint
venture partner, Hillhouse Capital. The sale of Aviva's
shareholding in Blue was announced on 20 November 2019.
This is the fourth transaction Aviva has completed this year.
Aviva continues to work at pace, taking decisive actions to focus
the portfolio and transform the company.
Notes:
1. Now known as Blue Insurance Limited.
-ends-
Enquiries :
Media:
Andrew Reid +44 (0)7800 694 276
Sarah Swailes +44 (0)7800 694 859
Analysts:
Diane Michelberger +44 (0)20 7662 0911
Notes to editors :
-- For information on how Aviva is helping our people, customers
and communities impacted by COVID-19 visit:
www.aviva.com/covid-19-our-response/
-- We exist to be with people when it really matters, throughout
their lives - to help them make the most of life. We have been
taking care of people for more than 320 years, in line with our
purpose of being 'with you today, for a better tomorrow'.
-- In 2019, we paid GBP33.2 billion in claims and benefits on
behalf of our 33.4 million customers.
-- We will focus on the UK, Ireland and Canada where we have
leading market positions and significant potential. We will invest
for growth in these markets. Our International businesses in Europe
and Asia will be managed for long-term shareholder value. We will
also transform our performance and improve our efficiency. Our
transformation will be underpinned by managing our balance sheet
prudently, reducing debt and increasing our financial
resilience.
-- Total group assets under management at Aviva group are GBP522
billion (HY20) and our Solvency II capital surplus is GBP11.8
billion (Q320). Our shares are listed on the London Stock Exchange
and we are a member of the FTSE 100 index.
-- For more details on what we do, our business and how we help
our customers, visit www.aviva.com/about-us
-- The Aviva newsroom at www.aviva.com/newsroom includes links
to our image library, research reports and our news release
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-- You can follow us on LinkedIn: www.linkedin.com/company/aviva-plc
-- For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva
-- We have a Globelynx system for broadcast interviews. Please
contact the Press Officer noted above if you would like to make a
booking.
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END
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December 10, 2020 06:30 ET (11:30 GMT)
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