Aviva lining up Delta Lloyd sale

By DAILY MAIL REPORTER
Updated:

 

Aviva is to sell part of its £420m holding in Dutch rival Delta Lloyd.

The insurer is offloading about 15% of Delta Lloyd's issued shares, cutting its holding in the company to about 43% from 58%, through a private placement.

In March, Aviva, up 0.6p to 452.7p, said it could sell assets this year as part of a plan to focus on core markets.

It wants to concentrate its business in 12 key markets in Europe, the US and Asia, instead of 30 markets at present.

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