Aviva raises €530m from Australian sale

Insurance giant Aviva today said it had agreed to sell its Australian life and wealth management businesses in a deal worth around €530m.

Aviva raises €530m from Australian sale
Mon, 22 Jun, 2009 - 09:15

Insurance giant Aviva today said it had agreed to sell its Australian life and wealth management businesses in a deal worth around €530m.

The agreement with National Australia Bank comes after Aviva decided it was unlikely to secure a leading position in Australia in the foreseeable future.

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