Aviva PLC

M&A Activity • Dec 29, 2021

National Storage Mechanism | Additional information

RNS Number : 9770W

Aviva PLC

29 December 2021

29 December 2021

Aviva completes sale of Aviva Vietnam

Aviva plc ("Aviva") today announces that it has completed the sale of its entire shareholding in Aviva Vietnam to Manulife. The transaction was announced on 14 December 2020. 

This concludes Aviva's divestment programme in which eight non-core businesses have been sold. Aviva is now significantly simpler and completely focused on its strongest businesses in the UK, Ireland and Canada.

-ends-

Enquiries:

Media:

Andrew Reid                                                                                                     +44 (0)7800 694 276

Sarah Swailes                                                                                                    +44 (0)7800 694 859

Analysts:                                                                                                                                 

Rupert Taylor Rea                                                                                          +44 (0)7385 494 440

Tegan Gill                                                                                                           +44 (0)7800 691 138

Notes to editors:

·    For information on how Aviva is helping our people, customers and communities impacted by COVID-19 visit: www.aviva.com/covid-19-our-response/  

·    We exist to be with people when it really matters, throughout their lives. We have been taking care of people for 325 years, in line with our purpose of being 'with you today, for a better tomorrow'. In 2020, we paid £30.6 billion in claims and benefits to our customers.

·    Aviva is invested in our people, our customers, our communities and our planet. In 2021, we announced our plan to become a Net Zero carbon emissions company by 2040, the first major insurance company in the world to do so. This plan means Net Zero carbon emissions from our investments by 2040; setting out a clear pathway to get there with a cut of 25% in the carbon intensity of our investments by 2025 and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply chain by 2030. Aviva has been leading this agenda for decades: Aviva was the first international insurer to go operationally carbon neutral in 2006 and we are champions of renewable energy and energy storage at our offices, allowing us to achieve our 2030 carbon reduction target (70% reduction on 2010 levels) 10 years early. Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition at www.aviva.com/sustainability.

·    Aviva is a Living Wage and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at https://www.aviva.com/about-us/our-people/

·    We are focused on the UK, Ireland and Canada where we have leading market positions and significant potential. We will invest for growth in these markets. We will also transform our performance and improve our efficiency. Our transformation will be underpinned by managing our balance sheet prudently, reducing debt and increasing our financial resilience. We also have strategic investments in Singapore, China and India.

·    At 30 June 2021, total Group assets under management at Aviva Group are £522 billion and our Solvency II shareholder capital surplus is £12 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.

·    For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us   

·    The Aviva newsroom at www.aviva.com/newsroom includes links to our spokespeople images,  podcasts, research reports and our news release archive. Sign up to get the latest news from Aviva by email.

·    You can follow us on:

o  Twitter: www.twitter.com/avivaplc/   

o  LinkedIn: www.linkedin.com/company/aviva-plc  

o  Instagram: www.instagram.com/avivaplc 

·    For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva  

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DISZZMZZKLRGMZM