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Completion of settlement with JV partner Bankia


Published on 2013-04-24 04:02:51 - Market Wire
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April 24, 2013 06:43 ET

Aviva PLC: Completion of settlement with JV partner Bankia

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 


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