Ailing Aviva look to US sale
Ailing insurance giant, Aviva, looks to be teeing up its US division for a 1bn sterling sale.
Ailing insurance giant, Aviva, looks to be teeing up its US division for a 1bn sterling sale.
The Sunday Telegraph has reported the group's Chief Financial Officer, Patrick Regan, has been holed up in the US HQ in Iowa, getting the unit ready for a disposal.
It's part of a strategy to flog around a quarter of Aviva's worldwide businesses to turnaround a 56% decline in the share price over the last five years.
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The Telegraph's report saw the stock move up 2% in Monday morning trading.
In May this year Andrew Moss stepped down as Chief Executive of Aviva after investors baulked at executive salary levels.
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