German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to...
HONG KONG/SINGAPORE - German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion, sources said.
The combined deal value for the businesses is estimated to be between $2 billion and $2.5 billion, they said, adding that talks were at an early stage and terms could change. In his first interim results since being appointed Aviva CEO in March, Maurice Tulloch announced last month a review of its Asian operations.
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