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BRIEF-Aviva agrees to sell 49 percent stake in Taiwan jv
October 13, 2017 / 6:09 AM / 2 months ago

BRIEF-Aviva agrees to sell 49 percent stake in Taiwan jv

Oct 13 (Reuters) - Aviva Plc

* Has agreed to sell its entire 49 percent shareholding in its joint venture in Taiwan, First Aviva Life to joint venture partner First Financial Holding co. Ltd​

* Says ‍transaction has a negligible impact on Aviva’s IFRS net assets, solvency II capital position and IFRS operating profit

* Aviva said the business is not central to the group’s strategy to focus on markets where it can achieve scale and profitability or have a distinct competitive advantage ​ Source text for Eikon: Further company coverage: (Reporting by Clara Denina)

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