Sumitomo Life to acquire Aviva’s stake in Singlife for £800m
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 […]