Aviva signs joint venture with First Financial

International savings, investments and insurance group, Aviva is to enter an agreement with First Financial Holding to form a joint venture company in Taiwan, First-Aviva.

International savings, investments and insurance group, Aviva is to enter an agreement with First Financial Holding (FFHC) to form a joint venture company in Taiwan, First-Aviva.

Under the terms of the agreement, FFHC will hold 51% of the equity share capital of First-Aviva, with Aviva holding the remaining 49%. The initial paid up capital of the company will be £34m (€49.9m).