Aviva has reportedly put its Malaysian
operations up for sale and is said to be is close to hiring a bank
to help with the sale process.
City A.M. reported that deal, which is its
early stages, could raise around $196m (£124m).
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Responding to Life Insurance International’s
question if the media report was accurate, a spokewoman for Aviva
said: “We would not comment on speculation. I can, however, advise
that Aviva’s Asia Pacific region has 7m customers, across China,
Hong Kong, India, Indonesia, Malaysia, Singapore, South Korea, Sri
Lanka, Taiwan and Vietnam; and contributes 2% of group operating
profits.”
In Malaysia, Aviva’s insurance business is a
joint venture with CIMB Group.
