Aviva ups size of Delta Lloyd disposal

Having promised on Thursday that it would raise money from disposals, insurance giant Aviva has moved quickly to act on that pledge by saying it will sell more of its stake in Delta Lloyd than originally intended.

Having promised on Thursday that it would raise money from disposals, insurance giant Aviva has moved quickly to act on that pledge by saying it will sell more of its stake in Delta Lloyd than originally intended.

The original plan was to offload up to 25m shares in the Dutch insurer by way of an accelerated book-building operation in the market but demand has been so strong the size of the disposal has been increased to up to 37m shares, equivalent to up to 21% of Delta Lloyd's issued ordinary share capital.

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