Aviva To Sell $690M Dutch Unit Stake
Aviva is seeking to sell around a 15% in its Dutch unit, Delta Lloyd.
Aviva is seeking to sell around a 15% in its Dutch unit, Delta Lloyd. The U.K. insurer will sell around 25 million shares worth about $690 million in the Amsterdam-based firm, adds Bloomberg. London-based Aviva has appointed Morgan Stanley and Goldman Sachs to manage the offering. The disposal of 15% of Delta Lloyd’s stake will bring Aviva’s ordinary shareholding to about 43% from 58%.
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