U.K.’s Aviva Looks to Sell Friends Provident International in Deal That Could Fetch $750 Million - News Summed Up

U.K.’s Aviva Looks to Sell Friends Provident International in Deal That Could Fetch $750 Million


U.K.-based insurer Aviva PLC is looking to sell Friends Provident International Ltd., its unit that serves high-net-worth clients in Asia and the Middle East, in a deal that could fetch up to $750 million, according to people familiar with the situation. Aviva’s sale of Friends Provident International comes less than two years after it bought the business in April 2015, as part of a £5.6 billion ($8.8 billion) deal to acquire Friends...


Source: Wall Street Journal March 28, 2017 05:22 UTC



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