Aviva PLC: Completion of settlement with JV partner Bankia

Marketwired

LONDON--(Marketwired - Apr 24, 2013) -



COMPLETION OF SETTLEMENT WITH SPANISH PARTNER BANKIA

Aviva plc ("Aviva") announces that it has received EUR608(1) million in
cash from Bankia S.A. ("Bankia") following settlement and transfer of
its entire holding in Spanish joint venture Aseval to Bankia.

The completion on this transaction demonstrates the delivery of our
strategic imperatives and improves our liquidity and capital position.

Enquiries:

Media

Yasmin Saleh +44 (0)7800 694 312
Sarah Swailes +44 (0)20 7662 6700

Analysts

David Elliot +44 (0)20 7662 8048

Notes to editors:

* Aviva provides 34 million customers with insurance, savings and
investment products.

* We are the UK's largest insurer and one of Europe's leading
providers of life and general insurance.

* We combine strong life insurance, general insurance and asset
management businesses under one powerful brand.

* We are committed to serving our customers well in order to build
a stronger, sustainable business, which makes a positive
contribution to society, and for which our people are proud
to work.

* The Aviva media centre at www.aviva.com/mediaincludes images,
company and product information and a news release archive

* For broadcast-standard video, please visit
http://www.aviva.com/media/video/ .

* Follow us on twitter: www.twitter.com/avivaplc

________________________________

(1)Total cash proceeds converted to sterling at an exchange rate of
EUR1/GBP0.81 represent GBP495m

This information is provided by RNS

The company news service from the London Stock Exchange

END

Contact:

RNS
Customer
Services
0044-207797-4400
Email Contact
http://www.rns.com

View Comments (0)