Aviva completes exit from Turkey
Aviva plc has announced it has completed the sale of its entire 40% shareholding in the Turkish life insurance and pensions joint venture, AvivaSA Emeklilik ve Hayat AS, to Ageas Insurance International NV.
Aviva received £122 million in cash consideration, which includes a £3 million dividend from AvivaSA received in March 2021.
The sale of Aviva’s shareholding in AvivaSA was announced by Aviva on 24 February 2021.
Authored by Aviva
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Aviva Insurance Limited is one of the UK’s leading insurance companies, part of the Aviva group with 34 million customers Worldwide. Aviva Insurance has been in the insurance business for more than 300 years.
In UK commercial, the insurance market remains challenging for insurance brokers and customers, due to the ongoing economic conditions. Aviva Insurance are focusing on improving our processes to ensure Aviva provide commercial customers with insurance cover at an acceptable price. Insurance brokers also recognised our excellent customer service by voting us Insurance Times General Insurer of the Year in 2012, for the second year running. youTalk-insurance sharing Aviva insurance news and video.