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Aviva enjoys £500m boost to sale of US arm
by Daniel Grote on Oct 03, 2013 at 07:45
Aviva said the size of the deal, at $2.6 billion (£1.7 billion), had risen due to increased estimated earnings and surpluses.
Aviva group chief executive Mark Wilson (pictured) said: ‘This is a solid outcome with transaction proceeds of $2.6 billion. The sale of the US business is another milestone for Aviva: it simplifies our business, strengthens the capital position and is a step towards our goal of creating a business focused on cash flow and growth.’
Aviva's shares were up 1.4% on the news, trading at 413.3p at 8:40.
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