Aviva to sell Turkish general insurance business

Aviva pledges to pay minimum wage. Pic: PA. Aviva pledges to pay minimum wage. Pic: PA.

Tuesday, March 25, 2014
2:59 PM

Aviva is to sell its Turkish general insurance business to a private equity consortium led by EMF Capital Partners. This move is part of Aviva’s wider strategy to narrow the group’s focus on businesses where it has a leadership position and can generate attractive returns and follows similar sales of businesses in Spain, Malaysia and the USA.

To send a link to this page to a friend, you must be logged in.

However Aviva said its life and pensions business in Turkey, AvivaSA, is unaffected.

The sale is subject to relevant regulatory approval and is expected to complete in the first half of 2014.

0 comments

ADVERTISEMENT

ADVERTISEMENT

Most read business stories

The Farm at Easton College, open their doors to visitors to see the new born lambs, turkeys, piglets and highland cows.

Video and gallery: Families flock to see newly born lambs at Easton College campus

Thousands of people who flocked to the Easton College campus over the weekend were greeted by up to 30 lambs – some of which were just hours old.

Read full story »

loading...

ADVERTISEMENT

ADVERTISEMENT