Aviva has raised £353m after selling its shareholding in Dutch insurer Delta Lloyd.

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

The deal is the latest phase of a turnaround plan aimed at focusing the business on its key markets and improving its performance following discontent from major shareholders.

New chief executive Mark Wilson, who officially started this week, said: “This sale will be a good start to 2013 and supports our strategy to narrow focus and make Aviva a more nimble and athletic organisation.

“It will further increase Aviva’s cash and capital position and is consistent with our focus on businesses where we can earn higher returns.”

0 comments

ADVERTISEMENT

ADVERTISEMENT

Most read business stories

The King's Lynn branch of Phones 4U, with the shutters down today. Picture: Chris Bishop

Update: Note pinned on door from “heartbroken team” spells out story of Phones 4u shop closures

Phones 4u is to go into administration - placing more than 5,500 jobs at risk - after network operator EE joined Vodafone in cutting ties with the retailer.

Read full story »

loading...

ADVERTISEMENT

ADVERTISEMENT