Aviva to sell US unit at "substantial discount", CFO says

Aviva said it’s in talks to sell its US life unit in what would be the biggest disposal since Chairman John McFarlane took charge in May.

8th November, 2012
Aviva to sell US unit at "substantial discount", CFO says
Aviva's share price rose 1.4 per cent in London this morning.

Aviva, Britain’s second-biggest insurer by market value, said it’s in talks to sell its US life unit in what would be the biggest disposal since Chairman John McFarlane took charge in May.

The sale would be at a “substantial discount” to the unit’s book value of £2.4 billion (€3.01 billion) at the end of June, chief financial officer Pat Regan told reporters on a conference call today as the company posted...

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