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.
-
£150 off energy bills: millions more to get discount this winter
The expansion of the Warm Home Discount scheme follows a government U-turn on the Winter Fuel Payment. We explain who will get the £150 discount
-
Akio Toyoda takes back control of Toyota
Toyota chairman Akio Toyoda once made a pledge to fulfil his grandfather’s dreams for the family business that became Japan’s first domestic carmaker. He is now making good on that promise.