Aviva Plc completes the sale of Friends Provident International Limited.

1 min read | July 17, 2020 05:52 AM AEST | By Team Kalkine Media

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Aviva Plc (LON: AV.) has informed about the completion of the sale of Friends Provident International Limited.

The company has completed the sale of Friends Provident International Limited (FPIL) to a subsidiary of International Financial Group Limited, RL360 Holding Company Limited.
The company has stated that as per the revised structure sold a 76 per cent shareholding in FPIL to International Financial Group Limited for £259 million.
The amount received includes £209 million in cash and £50 million in deferred cash consideration.
The company has also stated that the completion of the transaction under the revised structure will result in minimal impact on its Solvency II capital surplus and IFRS book value.
On 16^th July 2020, at the time of writing, GMT 10:41 AM, shares were trading at GBX 291.60, down by 2.40 points or 0.82% against the previous day closing price.

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