AVIVA COMPLETES SALE OF CZECH REPUBLIC, HUNGARY AND ROMANIA LIFE BUSINESSES
Posted on: 01 August 2012
Further to its announcement dated 30 January 2012, Aviva plc has completed the sale of its Czech, Hungarian and Romanian Life businesses to MetLife Inc's 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.
This transaction is consistent with Aviva's strategy to focus on fewer business segments, where it can produce attractive returns.