Aviva completes Aseval settlement with Bankia

Insurance group Aviva has received 608m euros in cash from its Spanish partner Bankia following the settlement and transfer of its entire holding in Spanish joint venture Aseval to Bankia.

Insurance group Aviva has received 608m euros in cash from its Spanish partner Bankia following the settlement and transfer of its entire holding in Spanish joint venture Aseval to Bankia.

"The completion on this transaction demonstrates the delivery of our strategic imperatives and improves our liquidity and capital position," Aviva said.

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