Aviva completes exit from Spain
Insurance giant Aviva has completed its exit from the Spanish market after selling its entire stake in life insurance and pensions joint ventures Cajamurcia Vida and Caja Granada Vida to Bankia for £ 179 million.
It has also agreed the sale of its 50 percent shareholding in Spanish life insurance operation Pelayo Vida to Santalucia.
Speaking earlier this year, Mark Wilson, the chief executive of Aviva, said: “This sale is a strong return for our shareholders.”
Aviva employs around 2,000 people in York and 1,500 staff at its health insurance operation in Sheffield .