Aviva completes sale of CIMB Berhad businesses

published 12 April 2013

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.