Aviva fi­nally com­pletes Friends Prov­i­dent sale

The Daily Telegraph - Business - - Business -

Aviva has com­pleted the £259m sale of a 76pc stake in Friends Prov­i­dent In­ter­na­tional, a life in­surer with more than 230,000 cus­tomers. The deal was an­nounced in 2017 but was de­layed for years by reg­u­la­tors. In­stead of sell­ing the en­tire busi­ness for £340m as first planned, the in­surer sold a 76pc hold­ing to RL360, which is part of in­vest­ment firm In­ter­na­tional Fi­nan­cial Group.

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