UK insurer Aviva sells US unit to Athene Holding

Economy December 21, 2012

UK insurer Aviva sells US unit to Athene Holding

LONDON (AP) — British insurer Aviva PLC is selling its U.S. unit to Bermuda-based Athene Holding Ltd. for $1.8 billion.

Aviva said Friday that it would net $1.55 billion after paying off debts from the sale of Aviva USA Corp. Aviva shares were up 0.6 percent at 386.3 pence in midmorning trading in London.

Subjects
- Business,
- General news,
- Ownership changes,
- Corporate news
Locations
- Western Europe,
- Europe,
- United Kingdom
Companies
- Aviva PLC

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