August 1, 2019 / 1:22 PM / 2 months ago

British insurer Aviva looking to sell Asia business - sources

HONG KONG/LONDON, Aug 1 (Reuters) - British life and general insurer Aviva is looking to sell its Asia business, valuing the unit at more than $2 billion, two sources familiar with the matter told Reuters.

Aviva is working with a financial adviser on a possible sale, with a formal process likely to begin in the fourth quarter, the sources said.

There is no certainty of a sale, which will depend on the outcome of a review of the Asian business to be completed by the end of this quarter, the sources said.

Aviva declined to comment. (Reporting by Sumeet Chatterjee and Carolyn Cohn; editing by Rachel Armstrong)

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