AVIVA completes sale of Czech Republic, Hungary and Romania Life businesses

8 August 2012 — Vlad BOLDIJAR
aviva3AVIVA has completed the sale of its Czech, Hungarian and Romanian life businesses to MetLife Inc's local operating subsidiaries in those countries, as AVIVA announced in a press release in early August.

Completion of the sale of Aviva's Romanian Pensions business is expected to occur later this year subject to regulatory approval.

"This transaction is consistent with Aviva's strategy to focus on fewer business segments, where it can produce attractive returns", the company announced.

AVIVA announced the sale of Czech Republic, Hungary and Romania businesses in 30 January 2012.

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