In a significant move within the insurance and finance sectors, Aviva plc has successfully completed the disposal of its shareholding in Singapore Life Holdings Pte Ltd (Singlife) along with two debt instruments, accumulating total proceeds of £937 million (SGD 1.6 billion). This transaction marks a pivotal step in Aviva plc’s strategy to streamline its operations […]
Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings Pte Ltd (Singlife) to Sumitomo Life Insurance Company for a total cash consideration of £0.8 billion (SGD 1.4 billion). The deal includes Aviva’s equity stake priced at £0.5 billion (SGD 0.9 billion) and two debt instruments valued at £0.3 billion (SGD 0.5 […]
British life insurer Aviva has wrapped up the previously announced SGD 2.7 billion (£1.6 billion) sale of a majority stake in Aviva Singapore to a consortium led by Singapore Life (Singlife). Aviva Singapore has been renamed Aviva Singlife. Under the terms of the deal announced in September 2020, Aviva has been paid SGD 2.7 billion […]
UK life insurance giant Aviva has agreed to divest a majority stake in Aviva Singapore to a consortium led by Singapore Life (Singlife) for SGD 2.7 billion (£1.6 billion), in a move to help create one of the top insurance companies in Singapore. The deal will see the merger of Singlife, which is a Singapore-based […]