Aviva completes sale of CIMB Berhad businesses
Insurance group Aviva has completed the sale of its 49 per cent stake in CIMB Aviva Assurance Berhad and CIMB Aviva Takaful Berhad to Canadian group, Sun Life Assurance Company.
Insurance group Aviva has completed the sale of its 49 per cent stake in CIMB Aviva Assurance Berhad and CIMB Aviva Takaful Berhad to Canadian group, Sun Life Assurance Company.
The £152m sale is part of the group's strategy to narrow its focus and concentrate on businesses and markets where it holds leadership positions and is able to generate attractive returns with a high probability of success.
NR
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry