September 07, 2004
Aviva to sell its general insurance businesses in Asia to Mitsui Sumitomo Insurance
Following a strategic review of its businesses in Asia, Aviva plc ("Aviva") is to focus on its long-term savings businesses in the region. Aviva therefore announces that it has entered into an agreement to sell its general insurance operations in Asia (the "Businesses") to Mitsui Sumitomo Insurance Co Ltd ("MSI"), the second largest general insurer in Japan, for £249 million (US$450 million) in cash.
Posted by Tom Troceen